Form 4: Artivion Executive VP, CFO Lance A. Berry Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lance A. Berry, Executive VP and CFO of Artivion, Inc., sold 3,259 shares of common stock on February 24, 2025, to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On February 24, 2025, Lance A. Berry, the Executive VP and CFO of Artivion, Inc., sold 3,259 shares of the company's common stock.
- The shares were sold at a price of $27.306 per share.
- This transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Berry directly owns 75,805 shares of Artivion, Inc.
- The sale was to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary transaction.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with vesting of stock options or restricted stock units. It is a common practice and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock sale transaction. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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