Form 4: Avanos Medical Executive Michael Greiner Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Greiner, a former interim CEO of Avanos Medical, disposed of shares to cover tax withholding obligations upon the vesting of restricted share units.
Summary
- On May 13, 2025, Michael Greiner, a former interim CEO of Avanos Medical, disposed of 19,771 shares of common stock at a price of $12.43 to cover tax obligations related to the vesting of 44,189 time-based restricted share units (TRSUs) awarded on October 29, 2024.
- Additionally, Greiner disposed of 4,474 shares at the same price to cover tax obligations related to the vesting of 10,000 TRSUs awarded on December 3, 2024.
- Following these transactions, Greiner beneficially owns 200,019 shares of Avanos Medical common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It doesn't necessarily indicate a broader trend within the medical device industry but reflects individual executive actions related to vested equity.
Stakeholder Impact
- The disposal of shares by a former executive could have a minor impact on shareholder sentiment, but the transactions are primarily related to tax obligations and are not indicative of a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| October 29, 2024 | Date when 44,189 time-based restricted share units (TRSUs) were awarded to Michael Greiner. |
| December 3, 2024 | Date when 10,000 time-based restricted share units (TRSUs) were awarded to Michael Greiner. |
| May 13, 2025 | Date of the transactions where shares were disposed of to cover tax withholding obligations upon vesting of TRSUs. |
| May 14, 2025 | Date of signature for the Form 4 filing. |
Keywords
Avanos Medical, Michael Greiner, Form 4, Share Disposal, Restricted Share Units, Tax Obligations, Beneficial Ownership, AVNS
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