Form 4: Cutera Inc. Chief Legal Officer Reports Stock Transaction

Cutera Inc.'s Chief Legal Officer, Stephana Eilene Patton, reported a transaction involving the withholding of 2,161 shares to cover tax liabilities related to vesting restricted stock units.

Summary

• Stephana Eilene Patton, Chief Legal Officer of Cutera Inc., filed a Form 4 indicating a transaction on November 13, 2024.
• The transaction involved the withholding of 2,161 shares of common stock to cover tax obligations.
• This withholding was related to the vesting of 6,250 Restricted Stock Units (RSUs).
• The shares were withheld at a price of $0.3551 per share.
• Following the transaction, Ms. Patton directly owns 77,839 shares of Cutera Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives receiving stock-based compensation, where a portion of shares are withheld to cover tax obligations.
• Similar filings are made by executives at comparable companies such as Syneron Medical and Candela Corporation when they have stock transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.

Key Dates

Keywords

Form 4, Cutera Inc, Stephana Eilene Patton, Chief Legal Officer, stock transaction, restricted stock units, tax withholding, beneficial ownership