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MYRIAD GENETICS INC·4

Mar 16, 5:05 PM ET

Verratti Mark 4

Research Summary

AI-generated summary

Updated

Myriad Genetics COO Mark Verratti Receives RSU Award; Shares Withheld

What Happened

  • Mark Verratti, Chief Operating Officer of Myriad Genetics (MYGN), received a grant of 247,423 restricted stock units (RSUs) on March 12, 2026 (award, code A). The RSUs were granted at no cash cost to the reporting person (acquisition price $0).
  • To satisfy tax withholding obligations on vesting, Myriad withheld a total of 29,289 shares across transactions dated March 13–15, 2026 (codes F). Those withheld shares were recorded at $4.66 per share, generating withholding amounts of $42,704 (9,164 shares), $25,248 (5,418 shares), $26,147 (5,611 shares) and $42,387 (9,096 shares), for a combined withholding value of $136,486.
  • These withholding transactions are routine tax-withholding on vesting of equity awards, not open-market sales or purchases.

Key Details

  • Transaction dates and amounts:
    • 2026-03-12: RSU grant — 247,423 units @ $0.00 (award).
    • 2026-03-13: 9,164 shares withheld @ $4.66 = $42,704.
    • 2026-03-14: 5,418 shares withheld @ $4.66 = $25,248.
    • 2026-03-15: 5,611 shares withheld @ $4.66 = $26,147.
    • 2026-03-15: 9,096 shares withheld @ $4.66 = $42,387.
  • Shares withheld total: 29,289; total withholding value: $136,486.
  • Shares owned after transaction: not specified in this filing.
  • Footnotes of note:
    • F1: Grants are time-based RSUs under the 2017 Equity Incentive Plan; each RSU converts to one share and vests in three equal annual installments starting one year after the grant.
    • F2/F3: Withheld shares were used to satisfy tax obligations for time-based and performance-based RSUs; withholding amount based on closing price on March 13, 2026.
  • Filing date: March 16, 2026. The filing does not indicate a late-reporting designation.

Context

  • RSUs are a form of compensation that convert to shares when they vest; the award itself is not a cash purchase and generally reflects compensation rather than a buy/sell signal. The withheld shares are a common, administrative step to pay required taxes and do not necessarily indicate the insider sold shares on the open market.