4/A: Artivion Inc. Executive Rochelle L. Maney Amends SEC Filing to Correct Share Sale Reporting
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Rochelle L. Maney, VP of Quality at Artivion Inc., filed an amended Form 4 with the SEC to correct the number of shares sold to cover tax withholding obligations.
Summary
- Rochelle L. Maney, VP of Quality at Artivion Inc., filed an amendment to a previous Form 4 filing with the SEC.
- The amendment corrects an administrative error in the number of shares sold on February 26, 2024, to cover tax withholding obligations related to vested performance stock units.
- The original filing incorrectly reported the sale of 1,185 shares and 1,130 shares in two separate transactions, while the corrected filing shows the actual sales were 1,168 and 1,114 shares respectively.
- Maney acquired 3,366 and 6,418 shares of common stock on February 23, 2024, at $0, representing performance stock units.
- Following the reported transactions, Maney beneficially owns 44,518 shares of Artivion Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively. The transactions are part of standard executive compensation practices.
Future Outlook
The 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 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 correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of original performance stock unit grant. |
| 02/23/2024 | Date of performance stock units issuance. |
| 02/26/2024 | Date of share sales to cover tax withholding obligations. |
| 02/28/2024 | Date of original Form 4 filing. |
| 03/14/2024 | Date of amended Form 4/A filing. |
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