Form 4: Cutera Inc. Executive Michael Karavitis Reports Tax Liability Share Withholding

Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., reports the withholding of 74 common stock shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On April 1, 2024, Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., had 74 shares of common stock withheld by the company to cover his tax liability.
• This withholding was related to the vesting of 185 Restricted Stock Units under the company's 2019 Equity Incentive Plan.
• Following the transaction, Karavitis directly owns 72,112 shares of Cutera Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neutral in tone and doesn't indicate any significant positive or negative developments for the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when there are changes in their beneficial ownership of the company's securities. It reflects routine compensation practices such as equity-based compensation and associated tax obligations.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related share withholding.

Key Dates

Keywords

Form 4, Beneficial Ownership, Michael Karavitis, Cutera Inc., CUTR, Stock Withholding, Tax Liability, Equity Incentive Plan, Restricted Stock Units