Form 4: Glaukos Corp CEO Thomas Burns Reports Changes in Beneficial Ownership

Thomas Burns, Chairman and CEO of Glaukos Corp, reports changes in beneficial ownership of company stock due to tax withholding obligations and vesting of restricted stock units.

Summary

• On April 1, 2024, Thomas Burns, Chairman and CEO of Glaukos Corporation, reported a transaction involving the withholding of 3,907 common stock shares by the issuer to cover tax obligations related to the vesting of restricted stock units.
• The shares were withheld at a price of $93.1.
• Following the transaction, Burns directly owns 82,273 shares of common stock, which includes 61,597 unvested restricted stock units.
• Burns also indirectly owns shares through several trusts, including the Burns Family Trust (893,932 shares), the Burns Annuity Trust (238,107 shares), the Burns Charitable Remainder Trust (120,000 shares), the Thomas W. Burns Irrevocable Trust (100,000 shares), and the Janet M. Burns Irrevocable Trust (100,000 shares).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock ownership of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.

Key Dates