Kalra Sanjay 4
Research Summary
AI-generated summary
Paymentus (PAY) CFO Sanjay Kalra Withholds 7,372 Shares for Taxes
What Happened
- Sanjay Kalra, SVP and Chief Financial Officer of Paymentus Holdings, had 7,372 shares withheld by the issuer on March 13, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The transaction shows an effective price of $0.00 and no cash proceeds were received by the insider.
Key Details
- Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-16).
- Transaction code: F — payment of exercise price or tax liability (issuer withholding).
- Shares withheld/disposed: 7,372 shares at $0.00; reported proceeds = $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: Issuer withheld shares to cover tax withholding obligations tied to RSU vesting under the 2021 Equity Incentive Plan.
- Filing timeliness: Form 4 filed 3 days after the transaction; the provided record does not indicate a late filing flag.
Context
- This was an issuer withholding to cover taxes on vested RSUs, not an open-market sale or purchase. Such withholdings are routine and are generally administrative (they do not necessarily signal insider buying or selling intent).