Wheeler Benjamin Richard 4
Research Summary
AI-generated summary
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.