Form 4: Establishment Labs Director Acquires Shares in Lieu of Cash Retainer

Director Edward J. Schutter acquired 406 common shares of Establishment Labs Holdings Inc. (ESTA) on December 31, 2024, in lieu of a quarterly cash retainer payment.

Summary

• On December 31, 2024, Edward J. Schutter, a director of Establishment Labs Holdings Inc. (ESTA), acquired 406 common shares.
• The shares were acquired in lieu of a quarterly cash retainer payment, as per the Issuer's Outside Director Compensation Policy.
• The shares were issued under the Issuer's 2018 Equity Incentive Plan.
• The price per share was $46.07, based on the closing price of ESTA's common shares on the last trading day of the quarter.
• Following the transaction, Schutter directly owns 308,905 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine part of director compensation and doesn't necessarily indicate a significant shift in the company's prospects.

Positives

• Director's decision to take shares instead of cash may signal confidence in the company's future performance.

Industry Context

Directors receiving shares in lieu of cash compensation is a fairly common practice, particularly in growth-oriented companies, as it aligns their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates