Form 4: Glaukos Corp Executive Joseph E. Gilliam Reports Stock Transactions
SEC Form 4 Filing
Joseph E. Gilliam, President & COO of Glaukos Corporation, reports the withholding of shares for tax obligations upon vesting of restricted stock units.
Summary
- On March 28, 2024, Joseph E. Gilliam, President & COO of Glaukos Corporation, reported transactions involving Glaukos Corp common stock.
- A total of 2,615 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, 4,593 shares were withheld for tax obligations related to restricted stock units granted on March 24, 2022, at a price of $88.72 per share.
- Following these transactions, Gilliam directly owns 103,809 shares of Glaukos Corp common stock, which includes 80,294 restricted stock units that have not yet vested or been delivered.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting and tax withholding process for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of original grant of restricted stock units related to a portion of the reported tax withholding. |
| 03/22/2023 | Date of original grant of restricted stock units related to a portion of the reported tax withholding. |
| 03/28/2024 | Date of the reported stock transactions (tax withholding). |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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