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

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

Summary

• On March 25, 2025, Thomas William Burns, Chairman and CEO of Glaukos Corporation, reported changes in his beneficial ownership of the company's stock.
• These changes are due to the withholding of shares by the issuer to cover tax obligations upon the vesting of restricted stock units.
• 1,971 shares were withheld at a price of $107.61 related to restricted stock units granted on March 24, 2022.
• 7,468 shares were withheld at a price of $96.6 related to restricted stock units granted on March 14, 2024.
• Following these transactions, Burns directly owns 166,184 shares and indirectly owns 893,932 shares through the Burns Family Trust, 238,107 through the Burns Annuity Trust, 120,000 through the Burns Charitable Remainder Trust, 100,000 through the Thomas W. Burns Irrevocable Trust and 100,000 through the Janet M. Burns Irrevocable Trust.
• He also holds 116,612 unvested restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's overall financial health or strategic direction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations on vested stock.

Key Dates

Keywords

beneficial ownership, Form 4, Glaukos, GKOS, Thomas Burns, restricted stock units, tax withholding, insider trading