Form 4: Glaukos CEO Thomas Burns Reports Routine Tax-Related Stock Disposition
Insider Transaction Report
Glaukos Corporation's Chairman and CEO, Thomas William Burns, reported the disposition of 4,059 shares of common stock for tax withholding purposes related to the vesting of restricted stock units.
Summary
- Thomas William Burns, the Chairman and CEO of Glaukos Corp (GKOS), filed a Form 4 reporting a transaction.
- On May 27, 2025, Mr. Burns disposed of 4,059 shares of Glaukos Common Stock.
- The disposition was a tax withholding transaction, executed at a price of $96.97 per share.
- These shares were withheld by the Issuer to cover tax obligations upon the vesting and delivery of restricted stock units (RSUs) that were originally granted on March 18, 2021.
- Following this reported transaction, Mr. Burns directly beneficially owns 140,445 shares of Glaukos Common Stock.
- This total beneficial ownership includes 81,913 restricted stock units that have not yet vested or been delivered to Mr. Burns.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to RSU vesting, which is a common occurrence for executives receiving equity compensation. It does not indicate a change in company fundamentals or management's view of the stock.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics.
Related Party Transactions
- Disposition of 4,059 shares of common stock by Chairman & CEO Thomas William Burns to the Issuer for tax withholding obligations related to RSU vesting.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, non-discretionary tax-related transaction by an insider.
- No direct impact on employees, customers, suppliers, or creditors mentioned.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Date restricted stock units were previously granted to the Reporting Person. |
| 05/27/2025 | Date of the reported transaction (disposition of shares for tax withholding). |
| 05/28/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Glaukos Corporation, GKOS, SEC Form 4, Insider Transaction, Thomas William Burns, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock, CEO, Director
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