4/A: Artivion SVP Jean F. Holloway Corrects Stock Sale Reporting in Amended SEC Filing

Jean F. Holloway, SVP and General Counsel of Artivion, Inc., files an amended Form 4 to correct the number of shares sold to cover tax withholding obligations.

Summary

• Jean F. Holloway, SVP and General Counsel of Artivion, Inc., filed an amended Form 4 with the SEC on March 14, 2024.
• The amendment corrects an administrative error in the original filing from February 28, 2024, regarding the number of shares sold on February 26, 2024, to cover tax withholding obligations upon the vesting of performance stock units.
• The corrected filing shows that 1,295 shares were sold at $20.2711 instead of the originally reported 1,314 shares.
• Additionally, the corrected filing shows that 1,543 shares were sold at $20.2711 instead of the originally reported 1,566 shares.
• The amendment also reflects an adjustment in the number of shares beneficially owned following these transactions, increasing the reported amount due to the correction.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document corrects an error, which is a good sign of transparency, but also highlights a previous mistake.

Positives

• The amended filing demonstrates transparency and a commitment to accurate reporting by Artivion's SVP and General Counsel.

Negatives

• The need for an amendment indicates an initial administrative error in reporting the share sales.

Risks

• While the error was corrected, any inaccuracies in SEC filings could potentially raise concerns among investors and regulators.

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.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, aligning with SEC regulations and industry norms.
• The 'sell to cover' transaction for tax withholding is a common method used by executives to manage tax obligations related to stock awards, consistent with practices observed across various publicly traded companies.

Stakeholder Impact

• The correction of the filing ensures accurate information for shareholders and potential investors.

Key Dates