Form 4: Glaukos Corp CEO Thomas Burns Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas Burns, CEO of Glaukos Corp, reports changes in beneficial ownership due to tax withholding obligations upon vesting of restricted stock units.
Summary
- On March 31, 2025, and April 1, 2025, Glaukos Corp withheld shares from CEO Thomas Burns to cover tax obligations related to vesting restricted stock units.
- A total of 1,098 shares were withheld on March 31 at a price of $98.42, and 4,059 shares were withheld on April 1 at a price of $97.09.
- Following these transactions, Burns directly owns 153,559 shares, which includes 106,819 restricted stock units that have not yet vested.
- 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), and two irrevocable trusts (100,000 shares each).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral 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 withholding procedures upon the vesting of stock awards.
Stakeholder Impact
- The transactions have a minor impact on the total shares outstanding, and are unlikely to significantly affect shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of original grant of restricted stock units related to the March 31, 2025 transaction. |
| 03/18/2021 | Date of original grant of restricted stock units related to the April 1, 2025 transaction. |
| 03/31/2025 | Date of transaction where 1,098 shares were withheld for tax obligations. |
| 04/01/2025 | Date of transaction where 4,059 shares were withheld for tax obligations. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Glaukos Corp, GKOS, Thomas Burns, restricted stock units, tax withholding, insider trading
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