COO.NASDAQCooper Companies, INC

Form 4: Cooper Companies EVP Exercises Performance Stock Units, Sells Shares to Cover Taxes

Sentiment:

SEC Form 4

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Daniel G. McBride, EVP & Chief Operating Officer of Cooper Companies, exercised performance stock units and sold shares to cover tax obligations on February 1, 2025.

Summary

  • On February 1, 2025, Daniel G. McBride, EVP & Chief Operating Officer of Cooper Companies, exercised performance stock units.
  • This transaction involved the conversion of 22,777 performance stock units into common stock.
  • McBride also disposed of 11,567 shares of common stock at a price of $96.55 to cover tax obligations related to the vesting of the performance stock units.
  • Following these transactions, McBride directly owns 60,120 shares of common stock and indirectly owns 94,496 shares through The McBride Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation and tax obligations.

Industry Context

This is a routine transaction for company executives to exercise stock options and manage their tax liabilities. It is a common practice and doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

DateDescription
02/01/2025Date of earliest transaction: Exercise of performance stock units and sale of shares.
02/04/2025Date of signature on the Form 4 filing.

Keywords

Cooper Companies, Daniel G. McBride, Performance Stock Units, Form 4, Insider Trading, COO, Stock Options, Common Stock

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