Portocalis Gerasimos (Jerry) 4
Research Summary
AI-generated summary
Paymentus (PAY) CCO Jerry Portocalis Withholds 4,644 Shares for Taxes
What Happened
- Jerry Portocalis, Chief Commercial Officer of Paymentus Holdings, had 4,644 shares withheld by the company on 2026-03-13 to cover tax withholding related to the vesting of restricted stock units (RSUs). The Form 4 reports the withholding as a disposal with an indicated value of $0 (code F — tax withholding).
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-16 (timely file).
- Transaction type/code: Tax withholding on vested RSUs (code F).
- Shares withheld/disposed: 4,644 shares; reported price/value on Form 4: $0.00.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes:
- F1: Shares were withheld by the issuer to cover tax withholding obligations in connection with RSU vesting under the 2021 Equity Incentive Plan.
- F2: Some holdings are of record by the Faliron Family Limited Partnership Ltd.; the reporting person has sole voting and investment power with respect to the general partner.
Context
- This was a routine tax-withholding transaction tied to RSU vesting, not an open-market sale or purchase. Such withholdings are administrative and generally do not signal a change in insider sentiment. Transaction code F indicates shares were surrendered/withheld to satisfy tax obligations rather than sold for cash.