Form 4: DexCom EVP Jacob Steven Leach Reports Stock Grant
SEC Form 4
Executive Vice President and Chief Operating Officer of DexCom, Jacob Steven Leach, reports the acquisition of 26,053 shares of common stock through a grant of restricted stock units.
Summary
- On March 8, 2024, Jacob Steven Leach, EVP and Chief Operating Officer of DexCom Inc., acquired 26,053 shares of common stock.
- This acquisition was through a grant of restricted stock units (RSUs) priced at $0.00.
- These RSUs vest in three equal annual installments from the grant date.
- Following the transaction, Leach directly owns 288,552 shares of DexCom common stock, including unvested RSUs.
- Leach also indirectly owns 47,296 shares through Family Holdings.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, indicating confidence in the company's future performance.
Positives
- The grant of restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The restricted stock units will vest in three equal annual installments from the date of grant, incentivizing the executive's continued service and performance.
Industry Context
Stock grants are a common form of executive compensation in the technology and healthcare industries, aligning management's interests with those of shareholders and incentivizing long-term growth.
Comparison to Industry Standards
- Executive compensation packages, including stock grants, are common in publicly traded companies like DexCom.
- Comparable companies such as Abbott Laboratories (ABT) and Medtronic (MDT) also utilize stock-based compensation to incentivize their executives.
- The vesting schedules and grant sizes are generally aligned with industry practices to retain and motivate key personnel.
Stakeholder Impact
- Shareholders may view the stock grant positively as it aligns executive interests with long-term company performance.
- Employees may see this as a sign of stability and investment in leadership.
Key Dates
| Date | Description |
|---|---|
| 12/30/2010 | Date of the Gregg Family Grandchildren's Trust UAD |
| 03/08/2022 | Date of previous RSU grant, vesting through March 8, 2025 (8,988 shares) |
| 12/15/2021 | Date of previous RSU grant, vesting through December 15, 2024 (4,384 shares) |
| 03/08/2023 | Date of previous RSU grant, vesting through March 8, 2026 (16,931 shares) |
| 03/08/2024 | Date of transaction: Grant of 26,053 restricted stock units, vesting through March 8, 2027 |
| 03/11/2024 | Date of Form 4 filing |
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