Form 4: Cooper Companies Executive Gerard Warner III Reports Stock Transactions

Gerard H. Warner III, President of CooperVision, Inc., reports the vesting and subsequent disposal of restricted stock units in The Cooper Companies, Inc.

Summary

• On January 8, 2025, Gerard H. Warner III, President of CooperVision, Inc., executed transactions involving Cooper Companies, Inc. common stock.
• These transactions included the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
• Warner acquired a total of 16,868 shares through the vesting of restricted stock units at a price of $0.00.
• He then disposed of 7,444 shares at a price of $91.88 to satisfy tax withholding requirements.
• Following these transactions, Warner directly owns 16,869 shares of Cooper Companies, Inc. common stock and holds derivative securities for 8,816 shares.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions and doesn't indicate positive or negative performance for the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like The Cooper Companies, similar to filings made by executives at comparable companies such as Alcon or Bausch + Lomb.
• The vesting schedules and terms of the restricted stock units are typical compensation components for executives in the medical device and vision care industry.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
• The vesting of restricted stock units is part of the executive's compensation package, aligning their interests with those of the shareholders.

Key Dates