Form 4: Cooper Companies CEO Albert G. White III Reports Stock Transactions

Albert G. White III, CEO of Cooper Companies, reports the vesting of performance stock units and subsequent disposition of shares to cover tax obligations.

Summary

• On February 1, 2025, Albert G. White III, the President and CEO of Cooper Companies, executed transactions involving Cooper Companies common stock.
• White vested 84,264 performance stock units, which converted into an equal number of common stock shares.
• Following the vesting, 42,790 shares were disposed of at a price of $96.55 to satisfy tax withholding obligations.
• After these transactions, White directly owns 216,151 shares of Cooper Companies common stock.
• A previous filing on January 10, 2025, understated the amount of securities beneficially owned by 450 shares, which has been corrected in this report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect the vesting of performance-based compensation. The correction of a previous error demonstrates transparency.

Positives

• The CEO's stock transactions reflect the vesting of performance-based compensation, indicating achievement of certain performance goals.

Negatives

• The disposition of shares to cover tax obligations could be perceived as a slight dilution of holdings, although it's a common practice.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of performance stock units is a common form of executive compensation in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Cooper Companies, Albert G. White III, stock, performance stock units, vesting, Form 4, CEO, COO