Form 4: Cutera Inc. Executive Michael Karavitis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Chief Technology Officer of Cutera Inc., Michael Karavitis, reports the withholding of 427 common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 6, 2024, Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., had 427 shares of common stock withheld by the company to settle his tax liability.
- This withholding was related to the vesting of 1,228 Restricted Stock Units on the same date.
- Following this transaction, Karavitis beneficially owns 71,685 shares of Cutera Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: 427 shares withheld for tax liability related to vesting of 1,228 Restricted Stock Units. |
| 04/08/2024 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Michael Karavitis, Cutera Inc., CUTR, Restricted Stock Units, Tax Liability, Common Stock, EVP, Chief Technology Officer
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