Form 4: Cutera CEO Taylor C. Harris Reports Tax Liability Settlement Through Share Withholding
SEC Form 4 Filing
Cutera's CEO, Taylor C. Harris, reports the withholding of 15,178 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 7, 2024, Taylor C. Harris, CEO of Cutera Inc., had 15,178 shares of common stock withheld by the company to settle his tax liability.
- This withholding was related to the vesting of 62,334 Restricted Stock Units (RSUs) on the same date.
- The shares were withheld at a price of $1.03 per share.
- Following this transaction, Harris directly owns 264,158 shares of Cutera Inc.
- The withholding was conducted according to the company's 2019 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of transaction: Share withholding for tax liability and vesting of Restricted Stock Units. |
| 08/09/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cutera, CUTR, Taylor C. Harris, CEO, share withholding, tax liability, restricted stock units, equity incentive plan
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