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

Director Bryan Slotkin acquired 319 common shares of Establishment Labs Holdings Inc. on March 31, 2024, in lieu of a quarterly cash retainer payment.

Summary

• On March 31, 2024, Bryan Slotkin, a director of Establishment Labs Holdings Inc., acquired 319 common shares.
• The shares were received in lieu of a quarterly cash retainer payment, as per the company's Outside Director Compensation Policy.
• The price of the shares was $50.9.
• The acquisition increased Slotkin's total holdings to 21,743 common shares.
• The shares were issued under the company's 2018 Equity Incentive Plan and determined based on the closing price of the Issuer's common shares on the last trading day of the quarter.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash indicates confidence in the company's stock.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future prospects.
• The acquisition increases the director's alignment with shareholder interests.

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice to align their interests with those of shareholders, particularly in growth-oriented companies.

Related Party Transactions

• The acquisition of shares by a director is a related party transaction.

Stakeholder Impact

• The transaction signals to shareholders that the director is invested in the company's success.
• The transaction has minimal impact on other stakeholders.

Key Dates