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

Nicholas Sheridan Lewin, a director at Establishment Labs Holdings Inc., acquired 577 common shares in lieu of a quarterly cash retainer payment on September 30, 2024.

Summary

• On September 30, 2024, Nicholas Sheridan Lewin, a director of Establishment Labs Holdings Inc., acquired 577 common shares.
• The acquisition was made 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 $43.27, based on the closing price of the Issuer's common shares on the last trading day of the quarter.
• Following the transaction, Lewin directly owns 1,070,771 common shares.
• Lewin's spouse indirectly owns 14,190 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine director share acquisition in lieu of cash compensation. It doesn't indicate any significant positive or negative development.

Positives

• The director's decision to take shares instead of cash may signal confidence in the company's future prospects.

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 minimal impact on shareholders, as it's a small number of shares acquired by a director.

Key Dates