Form 4: Cutera Inc. Interim CFO Reports Tax Liability Share Withholding

Stuart Drummond, Interim CFO of Cutera Inc., reports the withholding of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On June 1, 2024, Stuart Drummond, the Interim CFO of Cutera Inc., had 22 shares of common stock withheld by the company to settle his tax liability.
• This withholding was related to 49 Restricted Stock Units vesting on the same date.
• The price per share for the withholding was $2.23.
• Following this transaction, Drummond directly owns 18,351 shares of Cutera Inc.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of share withholding to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.

Key Dates

Keywords

Form 4, Insider Trading, Stuart Drummond, Cutera Inc., CUTR, Share Withholding, Restricted Stock Units, Tax Liability, Interim CFO