Form 4: Artivion Inc. Executive Amy Horton Sells Shares to Cover Tax Obligations

Artivion Inc.'s VP, Chief Accounting Officer, Amy Horton, sold 4,329 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Amy Horton, VP and Chief Accounting Officer at Artivion Inc., sold 4,329 shares of common stock on December 6, 2024.
• The sale was executed at a price of $29.66 per share.
• This transaction was not a discretionary sale but rather a 'sell to cover' transaction to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Ms. Horton directly owns 135,660 shares of Artivion Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Management Comments

• The sale was to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary transaction.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• The 'sell to cover' mechanism is a standard practice to manage tax liabilities associated with vesting equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Artivion Inc., insider trading, Form 4, stock sale, executive, tax obligations, restricted stock units, AORT