Form 4: Cutera Inc. Interim CFO Stuart Drummond Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Interim CFO of Cutera Inc., Stuart Drummond, reports the withholding of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On August 1, 2024, Stuart Drummond, 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 transaction was $1.3.
- Following the transaction, Drummond beneficially owns 17,866 shares of Cutera Inc.
- The withholding is required by the company's 2019 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock. This filing indicates the Interim CFO's stock related transactions.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: shares withheld for tax liability related to vesting of Restricted Stock Units. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Cutera Inc., Stuart Drummond, CUTR, Interim CFO, stock withholding, restricted stock units, tax liability, equity incentive plan
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