Form 4: Cutera Inc. Interim CFO Stuart Drummond Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Interim CFO Stuart Drummond reports transactions involving Cutera Inc. stock, including shares withheld for tax liabilities and shares issued from vesting performance share units.
Summary
- On January 1, 2025, Stuart Drummond, Interim CFO of Cutera Inc., reported changes in beneficial ownership of the company's stock.
- 22 shares were withheld by the company to cover Drummond's tax liability related to the vesting of 49 Restricted Stock Units at a price of $0.39 per share.
- 101 shares were issued to Drummond due to the vesting of Performance Share Units (PSUs) granted on April 12, 2023, at a price of $0.39 per share.
- An additional 47 shares were withheld to settle the minimum tax liability for the 101 PSUs vesting on January 1, 2025, at a price of $0.39 per share.
- Following these transactions, Drummond directly owns 17,820 shares of Cutera Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It does not provide any insight into the broader industry trends.
Key Dates
| Date | Description |
|---|---|
| April 12, 2023 | Date Performance Share Units (PSUs) were granted. |
| January 1, 2025 | Date of stock transactions and vesting of Restricted Stock Units and Performance Share Units. |
| January 3, 2025 | Date of signature for the Form 4 filing. |
Keywords
Beneficial Ownership, Form 4, Stuart Drummond, Cutera Inc., CUTR, Interim CFO, Stock Transactions, Performance Share Units, Restricted Stock Units, Tax Withholding
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