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

CEO Thomas Burns reports the withholding of shares for tax obligations upon vesting of restricted stock units, impacting his direct and indirect ownership in Glaukos Corp.

Summary

• On March 28, 2024, Thomas William Burns, Chairman and CEO of Glaukos Corporation, reported changes in his beneficial ownership of the company's common stock.
• The transactions involved the withholding of shares by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
• 3,808 shares were withheld at a price of $87 per share related to RSUs granted on March 12, 2020.
• An additional 2,641 shares were withheld at a price of $88.72 per share related to RSUs granted on March 24, 2022.
• Following these transactions, Burns directly owns 86,180 shares of common stock, which includes 69,306 unvested restricted stock units.
• Burns also indirectly owns shares through various 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: The document is a standard regulatory filing detailing routine transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related share withholding upon RSU vesting, a common practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the standard vesting and tax withholding process for executive compensation.

Key Dates