Form 4: Veracyte VP Jonathan Wygant Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Veracyte's VP, Chief Accounting Officer Jonathan Wygant, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 2, 2025, Jonathan Wygant, VP, Chief Accounting Officer of Veracyte, Inc., reported a transaction involving the withholding of 4,301 shares of common stock to cover tax obligations.
- These shares were withheld in connection with the vesting of restricted stock units (RSUs) granted on February 22, 2022, August 5, 2022, March 6, 2023, and March 6, 2024.
- The price per share for the withholding was $34.76.
- Following the transaction, Wygant beneficially owns 36,475 shares of Veracyte common stock, which includes 506 shares purchased through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of grant for some of the Restricted Stock Units. |
| 08/05/2022 | Date of grant for some of the Restricted Stock Units. |
| 03/06/2023 | Date of grant for some of the Restricted Stock Units. |
| 03/06/2024 | Date of grant for some of the Restricted Stock Units. |
| 03/02/2025 | Date of the reported transaction (stock withholding). |
| 03/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Veracyte, VCYT, Jonathan Wygant, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan
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