Wheeler Benjamin Richard 4
4 · MYRIAD GENETICS INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Myriad (MYGN) CFO Benjamin Wheeler Receives RSU Award, Withholds Shares
What Happened
Benjamin Richard Wheeler, Chief Financial Officer of Myriad Genetics (MYGN), was granted 206,186 restricted stock units (RSUs) on March 12, 2026 (reported as an award/acquisition). Following the grant, the company withheld a total of 4,752 shares across March 13–15, 2026 to satisfy tax withholding obligations; the withholding transactions were reported as dispositions at $4.66 per share for an aggregate withholding of about $22,145. The RSUs are time‑based and vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
Key Details
- Grant date: 2026-03-12 — 206,186 RSUs granted (time-based; vest in 3 equal annual installments) (F1).
- Withheld shares (to cover taxes):
- 2026-03-13: 586 shares withheld @ $4.66 = $2,731 (F2)
- 2026-03-14: 1,097 shares withheld @ $4.66 = $5,112 (F2)
- 2026-03-15: 877 shares withheld @ $4.66 = $4,087 (F2)
- 2026-03-15: 2,192 shares withheld @ $4.66 = $10,215 (F3)
- Total withheld: 4,752 shares for ~ $22,145.
- Price basis for withholding: closing price on March 13, 2026 (per footnotes F2/F3).
- Shares owned following the transactions: not specified in the filing.
- Filing date: 2026-03-16 — appears timely (filed within required business-day window).
Context
The primary event is an equity award (RSUs), an acquisition that vests over time rather than an open-market purchase. The subsequent disposals were routine share-withholdings to cover tax liabilities tied to vesting (not open-market sales for cash profit). Such tax-withholding transactions are common and generally considered administrative rather than a direct signal of insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-12+206,186→ 303,810 total - Tax Payment
Common Stock
[F2]2026-03-13$4.66/sh−586$2,731→ 303,224 total - Tax Payment
Common Stock
[F2]2026-03-14$4.66/sh−1,097$5,112→ 302,127 total - Tax Payment
Common Stock
[F2]2026-03-15$4.66/sh−877$4,087→ 301,250 total - Tax Payment
Common Stock
[F3]2026-03-15$4.66/sh−2,192$10,215→ 299,058 total
Footnotes (3)
- [F1]Consists of time-based restricted stock units granted pursuant to the Issuer's 2017 Employee, Director and Consultant Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and vests in three equal annual installments beginning on the first anniversary of the grant date.
- [F2]Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person. The number of shares withheld was determined based on the closing price of Issuer's Common Stock on March 13, 2026.
- [F3]Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of performance-based restricted stock units previously granted to the Reporting Person. The number of shares withheld was determined based on the closing price of the Issuer's Common Stock on March 13, 2026.