Khattar Jack A. 4
4 · SUPERNUS PHARMACEUTICALS, INC. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Supernus (SUPN) CEO Jack Khattar Exercises PSUs; Shares Withheld
What Happened
Jack A. Khattar, President, CEO and Director of Supernus Pharmaceuticals (SUPN), had 38,640 performance share units (PSUs) convert into common stock on March 6, 2026. To satisfy tax withholding, the company withheld 16,574 of those shares at $54.73 per share (total value $907,095). Net shares retained by Khattar after withholding: 22,066.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely filing).
- Conversion: 38,640 shares issued upon PSU vesting (reported as derivative exercise/conversion, code M).
- Tax withholding: 16,574 shares withheld (code F) at $54.73/share = $907,095.
- Net shares retained: 22,066 (38,640 − 16,574).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: F1 confirms the withheld shares satisfied tax withholding on PSU vesting; F2 notes the PSUs were awarded Feb 22, 2024 and vested upon achievement of individual performance objectives set June 24, 2024.
Context
This was not an open-market sale or purchase by the CEO but the conversion/vesting of PSUs with company share withholding to cover taxes (a common, administratively driven action). Because the PSUs converted with a $0 exercise price and shares were withheld for taxes rather than sold on market by the insider, this transaction is neutral informationally rather than a straightforward buy or sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-06+38,640→ 1,245,218 total - Tax Payment
Common Stock
[F1]2026-03-06$54.73/sh−16,574$907,095→ 1,228,644 total - Exercise/Conversion
Performance Share Unit
[F2]2026-03-06−38,640→ 0 totalExercise: $0.00→ Common Stock (38,640 underlying)
- 1,005,600(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the vesting of Performance Share Units.
- [F2]On February 22, 2024, the Reporting Person was awarded Performance Share Units, a portion of which vested upon the achievement of individual performance objectives within a defined performance period, which objectives were established on June 24, 2024.