Form 4: Establishment Labs Director Edward J. Schutter Acquires Shares in Lieu of Cash Retainer

Director Edward J. Schutter acquired 368 common shares of Establishment Labs Holdings Inc. in lieu of a quarterly cash retainer payment.

Summary

• On March 31, 2024, Edward J. Schutter, a director of Establishment Labs Holdings Inc. (ESTA), acquired 368 common shares of the company.
• These shares were received 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 was determined based on the closing price of ESTA's common shares on the last trading day of the quarter, which was $50.9.
• Following this transaction, Schutter directly owns 305,320 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take shares instead of cash suggests confidence in the company's value, but it's a routine transaction.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals insider confidence.

Key Dates