Form 4: Cutera Director Sheila Hopkins Reports Tax Liability Settlement Through Share Withholding
SEC Form 4 Filing
Director Sheila Hopkins of Cutera, Inc. reports the withholding of 7,722 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 13, 2024, Sheila Hopkins, a director of Cutera, Inc., had 7,722 shares of common stock withheld by the company to cover her tax liability.
- This withholding was related to the vesting of 17,085 Restricted Stock Units.
- The price per share for the tax withholding was $2.04.
- Following the transaction, Hopkins beneficially owns 38,004 shares of Cutera, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The company's equity incentive plan is being executed as intended.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Share withholding for tax liability related to vesting of Restricted Stock Units. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cutera, Sheila Hopkins, Director, Share Withholding, Tax Liability, Restricted Stock Units, CUTR
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