Form 4: Repay Holdings Corp Executive Guthrie Acquires Shares Through PSU Vesting, Sells Shares for Tax Obligations

David M. Guthrie, Chief Technology Officer of Repay Holdings Corp, acquired shares through performance-based restricted stock units (PSUs) and sold a portion to cover tax liabilities.

Summary

• On February 12, 2025, David M. Guthrie, Chief Technology Officer of Repay Holdings Corp, acquired 13,827 shares of Class A common stock as part of the vesting of performance-based restricted stock units (PSUs) related to a three-year performance period from January 1, 2022, to December 31, 2024.
• The Issuer's Compensation Committee approved the achievement level of the PSU performance targets on February 12, 2025.
• Guthrie then disposed of 4,845 shares of Class A common stock at a price of $7.19 to cover tax liabilities associated with the vesting of the PSUs.
• Following these transactions, Guthrie beneficially owns 190,357 shares of Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard executive compensation practices and tax obligations. There's no indication of unusual or concerning activity.

Positives

• The vesting of PSUs indicates that performance targets were met over the three-year period from January 1, 2022, to December 31, 2024.

Negatives

• The sale of shares to cover tax liabilities could be perceived negatively, although it is a common practice.

Industry Context

Form 4 filings are standard disclosures for company insiders, providing transparency into their transactions and holdings. This filing indicates activity related to executive compensation and tax obligations, which are common occurrences in publicly traded companies.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that performance targets were met.
• The sale of shares to cover tax liabilities has a minimal impact on stakeholders.

Key Dates