Leite John 4
4 · VERACYTE, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Veracyte (VCYT) CCO John Leite Receives PSU Award
What Happened
John Leite, Chief Commercial Officer of Veracyte (VCYT), was credited with an award of 47,149 shares on February 26, 2026 related to performance-based restricted stock units (PSUs). The Form 4 lists the award as acquired at $0.00 per share (vesting event). To cover tax withholding on the vesting, 8,905 shares were surrendered/withheld at $38.75 per share, totaling $345,069; the withheld shares were not sold on the open market.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026.
- Award/Acquisition (code A): 47,149 shares @ $0.00 (PSU vesting entry).
- Tax withholding (code F): 8,905 shares withheld @ $38.75 = $345,069 (not an open‑market sale).
- Footnotes: F1 — of the 47,149 PSUs, 17,221 vested on Feb 26, 2026; the remaining 29,928 are scheduled to vest on Dec 2, 2026 subject to continuous service. F2 — withheld shares were used to satisfy tax withholding obligations and do not represent a sale.
- Shares owned after the transaction: not specified in the supplied filing.
- Filing timeliness: Form filed March 2, 2026 reporting the Feb 26 transaction; no late‑filing flag included in the filing.
Context
PSUs are performance-based awards that convert to shares when performance targets are certified; this is a vesting/compensation event (not a purchase). The withholding of shares to cover taxes is a routine administrative action and does not indicate an open-market sale by the insider. The remaining PSUs (29,928) will vest only if the performance and service conditions are met on Dec 2, 2026.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+47,149→ 129,262 total - Tax Payment
Common Stock
[F2]2026-02-26$38.75/sh−8,905$345,069→ 120,357 total
Footnotes (2)
- [F1]Represents shares of common stock acquired by the Reporting Person upon vesting of certain performance based restricted stock units ("PSUs") on February 26, 2026, upon the certification by the Board of Directors of the Issuer of the achievement of the performance goals set forth therein. Of such PSUs, 17,221 PSUs vested on February 26, 2026, and the remaining 29,928 vest on December 2, 2026, subject to the Reporting Person's continuous service to the Issuer through such date.
- [F2]Represents shares of common stock withheld to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of the PSUs and does not represent a sale.