Form 4: Glaukos Corp Executive Navratil Tomas Reports Stock Transactions
SEC Form 4 Filing
Tomas Navratil, Chief Development Officer at Glaukos Corporation, reports the withholding of shares for tax obligations upon vesting of restricted stock units.
Summary
- On March 28, 2024, Tomas Navratil, Chief Development Officer of Glaukos Corporation, reported transactions involving the company's common stock.
- The transactions involved the withholding of shares by the issuer to cover tax obligations related to the vesting of restricted stock units.
- Specifically, 2,418 shares were withheld at a price of $88.08, and 2,603 shares were withheld at a price of $88.72.
- Following these transactions, Navratil directly owns 74,168 shares of Glaukos Corp common stock, which includes 49,573 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested equity, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/22/2023 | Date of previous grant of restricted stock units underlying some of the shares. |
| 03/24/2022 | Date of previous grant of restricted stock units underlying some of the shares. |
| 03/28/2024 | Date of the reported stock transactions (share withholding for tax obligations). |
| 04/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.