Form 4: Artivion VP Matthew Getz Reports Stock Transactions Following Vesting of Performance Stock Units
SEC Form 4 Filing
Artivion's VP of Human Resources, Matthew Getz, reports the acquisition and disposal of common stock related to the vesting of performance stock units, including sales to cover tax obligations.
Summary
- Matthew Getz, VP of Human Resources at Artivion, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 23, 2024, Getz acquired 3,366 shares of common stock related to performance stock units granted on February 22, 2023.
- An additional 7,412 shares were acquired on the same day, representing another portion of performance stock units granted on February 22, 2023.
- On February 26, 2024, Getz sold 1,185 shares at $20.2711 per share and 1,128 shares at $20.2711 per share to cover tax withholding obligations.
- Following these transactions, Getz directly owns 46,407 shares of Artivion, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. The sales are to cover tax obligations, which is a standard practice.
Positives
- The vesting of performance stock units indicates that certain performance goals were likely met.
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 in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of grant for performance stock units. |
| 02/23/2024 | Date of acquisition of 3,366 and 7,412 shares of common stock due to vesting of performance stock units. |
| 02/26/2024 | Date of sale of 1,185 and 1,128 shares of common stock to cover tax withholding obligations. |
| 02/22/2025 | Date when 25% of the remaining shares earned in connection with the Feb. 2023 grant will be eligible to vest and be issued. |
| 02/22/2026 | Date when 25% of the remaining shares earned in connection with the Feb. 2023 grant will be eligible to vest and be issued. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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