Cohen Michael Daniel 4
Research Summary
AI-generated summary
Playtika (PLTK) CLO Michael Cohen Receives Award; Shares Withheld
What Happened
- Michael Daniel Cohen, Chief Legal Officer of Playtika Holding Corp. (PLTK), had 181,394 shares of common stock vest on February 19, 2026 (three PSU vesting events reported as acquisitions at $0.00). To satisfy tax withholding obligations, 92,294 shares were disposed (withheld) at $3.46 per share, producing aggregate proceeds of $319,337 (reported as payments of exercise price/tax liability).
Key Details
- Transaction date: 2026-02-19; Filing date: 2026-02-20 (timely).
- Vesting (acquisitions at $0.00): 50,676; 65,359; 65,359 shares = 181,394 total vested.
- Withheld/disposed (tax payment): 25,784 @ $3.46 = $89,213; 33,255 @ $3.46 = $115,062; 33,255 @ $3.46 = $115,062; total proceeds ~$319,337.
- Footnotes: F1 = PSUs granted Feb 7, 2022 (fourth/final performance period vested). F2 & F3 = PSUs granted Dec 18, 2024 (first of three performance periods vested). The compensation committee determined performance conditions were met, triggering vesting.
- Shares owned after the transactions are not specified in the provided filing details.
Context
- These were performance stock unit (PSU) vesting events (compensation), not open-market purchases or discretionary sales. The disposals were routine tax-withholding actions to satisfy payroll/tax obligations rather than signals of directional trading.