Form 4: Glaukos Corp CEO Thomas Burns Reports Stock Transaction

Thomas Burns, Chairman and CEO of Glaukos Corp, reports the withholding of shares for tax obligations and ongoing beneficial ownership.

Summary

• Thomas William Burns, Chairman and CEO of Glaukos Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 15, 2024, 1,098 shares of common stock were withheld by Glaukos Corp to cover tax obligations related to the vesting of restricted stock units.
• Following this transaction, Burns directly owns 87,396 shares of common stock.
• 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).
• The reported direct holdings include 63,680 restricted stock units that have not yet vested.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it primarily reflects tax obligations related to executive compensation.

Key Dates