Form 4: Cooper Companies SVP & CAO, Agostino Ricupati, Reports Acquisition of Restricted Stock Units

Agostino Ricupati, SVP & CAO of Cooper Companies, reported the acquisition of 8,074 restricted stock units and a small number of common stock shares.

Summary

• Agostino Ricupati, a Senior Vice President and Chief Accounting Officer at Cooper Companies, filed a Form 4 detailing changes in his beneficial ownership of company securities.
• The report indicates that Mr. Ricupati acquired 8,074 restricted stock units on December 10, 2024, at a price of $0.00 per unit.
• These restricted stock units vest 25% per year over four years, with the first vesting date on January 8, 2025.
• The report also notes that Mr. Ricupati acquired 38 shares of common stock through the company's Employee Stock Purchase Plan (ESPP) on November 1, 2024.
• Following these transactions, Mr. Ricupati directly owns 4,856 shares of common stock and 8,074 restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine filing of insider transactions, which is generally neutral. The acquisition of stock units is a positive sign of management's alignment with shareholders, but it's not a major event.

Positives

• The acquisition of restricted stock units aligns management's interests with those of shareholders.
• The vesting schedule of the restricted stock units encourages long-term commitment from the executive.
• The ESPP participation indicates employee engagement and belief in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the ownership changes of company executives.

Comparison to Industry Standards

• The use of restricted stock units as part of executive compensation is a common practice among publicly traded companies, including those in the medical device and healthcare sectors.
• Companies like Johnson & Johnson (JNJ) and Medtronic (MDT) also utilize similar equity-based compensation plans to align executive interests with shareholder value.
• The vesting schedule of 25% per year over four years is a standard approach to ensure long-term commitment from executives.

Stakeholder Impact

• The acquisition of restricted stock units by a key executive can be viewed positively by shareholders, as it aligns management's interests with the company's long-term performance.
• The ESPP participation demonstrates employee engagement and confidence in the company's future.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Stock Options, Cooper Companies, COO, Agostino Ricupati, ESPP, Insider Trading