Form 4: Glaukos Corp Executive Alex R. Thurman Reports Stock Transactions
SEC Form 4
Alex R. Thurman, SVP & CFO of Glaukos Corporation, reports the withholding of shares for tax obligations upon vesting of restricted stock units.
Summary
- On March 28, 2024, Alex R. Thurman, SVP & CFO of Glaukos Corporation, reported transactions involving Glaukos Corp common stock.
- A total of 982 shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units granted on March 22, 2023, at a price of $88.08 per share.
- Additionally, 1,617 shares were withheld for tax obligations related to the vesting of restricted stock units granted on March 24, 2022, at a price of $88.72 per share.
- Following these transactions, Thurman directly owns 56,391 shares of Glaukos Corp common stock, which includes 25,317 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation and tax obligations; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and subsequent tax withholding, are standard across publicly traded companies.
- Companies like Alcon, Johnson & Johnson, and Bausch + Lomb also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they relate to tax obligations of an executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/22/2023 | Date of original grant of restricted stock units related to the withholding of 982 shares. |
| 03/24/2022 | Date of original grant of restricted stock units related to the withholding of 1,617 shares. |
| 03/28/2024 | Date of the reported transactions (stock withholding for tax obligations). |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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