Form 4: Cooper Companies SVP & CAO Agostino Ricupati Reports Stock Transactions
SEC Form 4
Agostino Ricupati, SVP & CAO of Cooper Companies, reports stock transactions including acquisition of shares through restricted stock units and employee stock purchase plan, as well as disposal of shares to cover tax obligations.
Summary
- Agostino Ricupati, SVP & CAO of Cooper Companies, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On April 1, 2024, Ricupati acquired 2,076 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
- Also on April 1, 2024, 1,053 shares were disposed of to cover tax obligations at a price of $99.24.
- On September 10, 2024, Ricupati sold 1,601 shares at a price of $108.0295.
- The filing also corrects an error in a previous Form 4/A filed on February 15, 2024, which understated the amount of securities beneficially owned by 83 shares.
- Ricupati also acquired shares through the Issuer's Employee Stock Purchase Plan on February 1, 2024 (31 shares), May 1, 2024 (95 shares) and August 1, 2024 (106 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation and portfolio management activities.
Future Outlook
50% of the RSUs shall vest on April 1, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Cooper Companies.
- Similar filings are made by executives at companies like Alcon, Bausch + Lomb, and Johnson & Johnson, reflecting their individual investment decisions and compensation structures.
- The vesting of RSUs and participation in employee stock purchase plans are standard components of executive compensation packages in the industry.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the executive's trading activity.
- The vesting of RSUs is part of the executive's compensation package, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| February 1, 2024 | Acquisition of 31 shares through Employee Stock Purchase Plan |
| February 15, 2024 | Date of Form 4/A filing with understated securities amount |
| April 1, 2024 | Vesting of 2,076 Restricted Stock Units and disposal of 1,053 shares for tax obligations |
| May 1, 2024 | Acquisition of 95 shares through Employee Stock Purchase Plan |
| June 13, 2024 | Date of Power of Attorney execution |
| August 1, 2024 | Acquisition of 106 shares through Employee Stock Purchase Plan |
| September 10, 2024 | Sale of 1,601 shares |
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