ICON plc Officer Files Form 144 for $1.07M Mandated Sell-to-Cover Transaction
ICON PLC
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Filing Summary
📋 Form 144 Notice of Proposed Sale Issuer: ICON PLC ($ICLR) Filer: Barry Edward Balfe (Officer) Shares to Sell: 5,175 Value: $1,069,434.45 (~$206.65/share) Nature: Mandated sell-to-cover for tax withholding obligations Significance: Low
Comprehensive Analysis
Overview
On November 2, 2026, Barry Edward Balfe, an Officer of ICON PLC ($ICLR), filed a Form 144 notice disclosing an intention to sell 5,175 common shares with an aggregate market value of $1,069,434.45 (approximately $206.65 per share).
Transaction Details
- Security: Common Stock
- Broker: Morgan Stanley Smith Barney LLC
- Approximate Sale Date: November 2, 2026
- Acquisition Source: Restricted stock vesting under a registered plan on October 31, 2026, for services rendered.
- Past 3-Month Activity: 382 shares sold on August 10, 2026, generating $62,676.12 in gross proceeds.
Market Significance & Context
- Trading Significance: Low.
- Non-Discretionary Sale: According to filing remarks, this transaction consists strictly of "sell-to-cover" shares mandated by the equity award agreement to satisfy tax withholding obligations triggered by the vesting of compensatory equity awards. It does not reflect a discretionary open-market divestment or insider sentiment shift.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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