Form 4: Establishment Labs Holdings Inc.: CFO Raj Denhoy Reports Tax-Related Share Disposal
SEC Form 4 Filing
Raj Denhoy, CFO of Establishment Labs Holdings Inc., disposed of 309 common shares on March 6, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 6, 2024, Raj Denhoy, the Chief Financial Officer of Establishment Labs Holdings Inc., disposed of 309 common shares.
- The shares were sold at a price of $49.25 per share.
- This transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units previously granted to Mr. Denhoy.
- Following the transaction, Mr. Denhoy beneficially owns 7,803 common shares of Establishment Labs Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading for tax purposes, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the transaction where 309 common shares were disposed of. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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