Form 4: CONMED Corp Executive Cohen Exercises Options and Disposes of Shares
SEC Form 4 Filing
EVP & Chief HR & Legal Officer Heather L. Cohen exercised stock options and disposed of shares of CONMED Corp on March 8, 2024.
Summary
- Heather L. Cohen, EVP & Chief HR & Legal Officer of CONMED Corp, reported transactions involving the company's common stock on March 8, 2024.
- Cohen exercised options to purchase 27,500 shares at $59.96 and 25,000 shares at $78.76.
- Following the exercise of these options, Cohen disposed of 22,258 shares at $85.425 and 23,847 shares at $85.225 to cover tax obligations.
- After these transactions, Cohen directly owns 35,765 shares of CONMED Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The disposal of shares to cover tax obligations is a common practice and generally doesn't significantly affect the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 03/01/2028 | Expiration date for options to purchase 27,500 shares of common stock at $59.96. |
| 03/01/2029 | Expiration date for options to purchase 25,000 shares of common stock at $78.76. |
| 03/08/2024 | Date of transaction: Exercise of stock options and disposal of shares. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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