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

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

Summary

• On July 19, 2024, Stuart Drummond, Interim CFO of Cutera Inc., had 440 shares of common stock withheld by the company to cover his tax liability.
• This withholding was related to the vesting of 937 Restricted Stock Units on the same date.
• The shares were withheld at a price of $1.59 per share.
• Following the transaction, Drummond beneficially owns 17,888 shares of Cutera Inc.
• The withholding is required by the company's 2019 Equity Incentive Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stuart Drummond, Cutera Inc., CUTR, Interim CFO, Tax Liability, Share Withholding, Restricted Stock Units, Equity Incentive Plan