Form 4: Cooper Companies SVP & CAO, Agostino Ricupati, Reports Stock Transactions
SEC Form 4
Agostino Ricupati, SVP & CAO of Cooper Companies, reports the vesting and sale of restricted stock units and acquisition of shares through the Employee Stock Purchase Plan.
Summary
- Agostino Ricupati, a Senior Vice President and Chief Accounting Officer at Cooper Companies, filed a Form 4 detailing changes in beneficial ownership.
- On January 8, 2025, Ricupati vested 2,120 and 2,352 shares of common stock from restricted stock units.
- Ricupati also acquired 2,352 and 2,120 shares of common stock.
- Simultaneously, Ricupati disposed of 1,077 and 1,283 shares to cover tax obligations at a price of $91.88 per share.
- The transactions resulted in Ricupati owning 6,968 shares of common stock directly.
- He also owns 4,244 and 7,052 restricted stock units.
- Additionally, Ricupati acquired 38 shares under the Issuer's ESPP on November 1, 2024.
- The restricted stock units vest 25% per year over four years, subject to continued service.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The vesting of stock is generally positive, but the sale to cover taxes is a standard practice.
Positives
- The vesting of restricted stock units indicates a continued alignment of the executive's interests with the company's performance.
- Participation in the Employee Stock Purchase Plan (ESPP) shows confidence in the company's future.
Negatives
- The sale of shares to cover tax obligations, while common, slightly reduces the executive's direct stake in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Acquisition of 38 shares under the Issuer's ESPP |
| 01/08/2025 | Vesting of restricted stock units and related transactions |
| 01/10/2025 | Date of Form 4 signature |
| 12/13/2032 | Expiration date of some Restricted Stock Units |
| 12/12/2033 | Expiration date of some Restricted Stock Units |
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