Form 4: Establishment Labs Director Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Director Leslie Gillin acquired 389 common shares of Establishment Labs Holdings Inc. (ESTA) on September 30, 2024, in lieu of a quarterly cash retainer payment.
Summary
- On September 30, 2024, Leslie Gillin, a director of Establishment Labs Holdings Inc. (ESTA), acquired 389 common shares.
- The shares were received in lieu of a quarterly cash retainer payment, as per the company's Outside Director Compensation Policy.
- The acquisition price was $43.27 per share.
- Following the transaction, Gillin's total holdings amount to 10,518 common shares.
- The shares were issued under the company's 2018 Equity Incentive Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction of a director receiving shares in lieu of cash compensation, which is neither particularly positive nor negative.
Positives
- A director taking shares in lieu of cash may signal confidence in the company's future performance.
Industry Context
Directors receiving shares as compensation is a common practice, aligning 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
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Leslie Gillin acquired 389 common shares. |
| 10/02/2024 | Date of signature: Rajbir S. Denhoy, Chief Financial Officer, signed the document on behalf of Leslie Gillin. |
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