Form 4: Artivion CEO James P. Mackin Reports Stock Transactions Following Performance Stock Unit Vesting
SEC Form 4 Filing
Artivion's CEO, James P. Mackin, reports acquisition and disposal of company stock related to the vesting of performance stock units, with sales executed to cover tax obligations.
Summary
- On February 23, 2024, James P. Mackin, the President and CEO of Artivion, Inc., acquired 40,404 shares of common stock related to performance stock units.
- An additional 58,648 shares were acquired on the same day, also related to performance stock units.
- On February 26, 2024, Mackin sold 18,144 shares at a price of $20.2711 per share.
- He also sold 13,168 shares at the same price on February 26, 2024.
- These sales were to cover tax withholding obligations associated with the vesting of the performance stock units and do not represent discretionary transactions.
- Following these transactions, Mackin directly owns 695,777 shares of Artivion common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Future Outlook
Remaining shares earned in connection with the Feb. 2023 grant will be eligible to vest and be issued as follows: 25% on 02/22/2025; and 25% on 02/22/2026, assuming employment on the relevant vesting date.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
- The sales to cover tax obligations have a minor dilutive effect on existing shareholders.
Next Steps
- Remaining shares earned in connection with the Feb. 2023 grant will be eligible to vest and be issued as follows: 25% on 02/22/2025; and 25% on 02/22/2026, assuming employment on the relevant vesting date.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of grant for the performance stock units. |
| 02/23/2024 | Date of acquisition of 40,404 and 58,648 shares due to vesting of performance stock units. |
| 02/26/2024 | Date of sale of 18,144 and 13,168 shares to cover tax obligations. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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