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

Director Leslie Gillin acquired 359 common shares of Establishment Labs Holdings Inc. in lieu of a quarterly cash retainer payment on June 30, 2024.

Summary

• On June 30, 2024, Leslie Gillin, a director of Establishment Labs Holdings Inc., acquired 359 common shares.
• The shares were received in lieu of a quarterly cash retainer payment.
• The acquisition was made in accordance with the company's Outside Director Compensation Policy.
• The shares were issued under the Issuer's 2018 Equity Incentive Plan.
• The price per share was $45.44, based on the closing price on the last trading day of the quarter.
• Following the transaction, Gillin directly owns 10,129 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash is a slightly positive signal.

Positives

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

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive equity as part of their compensation.

Related Party Transactions

• The acquisition of shares by the director in lieu of a cash retainer payment is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It may slightly increase shareholder confidence if viewed as a positive signal from a company insider.

Key Dates