Form 4: Glaukos Corp CEO Thomas Burns Reports Stock Transaction
SEC Form 4 Filing
Thomas Burns, Chairman and CEO of Glaukos Corp, reports the disposal of 1,057 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 6, 2024, Thomas William Burns, Chairman and CEO of Glaukos Corporation, disposed of 1,057 shares of common stock to cover tax withholding obligations.
- The shares were withheld by the issuer at a price of $120.73 per share.
- Following the transaction, Burns directly owns 80,158 shares, which includes 57,428 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: Neutral sentiment as the document reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders and provide transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of original grant of restricted stock units. |
| 08/06/2024 | Date of the stock transaction (disposal of shares). |
| 08/08/2024 | Date of signature by Diana Scherer, Attorney-in-Fact. |
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