Form 4: Henry Schein Executive Michael Ettinger Reports Changes in Beneficial Ownership
SEC Filing Form 4
EVP & Chief Operating Officer of Henry Schein, Michael Ettinger, reports the surrender of shares to cover tax obligations and updates to holdings in the 401(k) plan.
Summary
- Michael Ettinger, EVP & Chief Operating Officer of Henry Schein, filed a Form 4 to report changes in beneficial ownership of company stock.
- On March 1, 2024, Ettinger surrendered 2,105 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $76.88 per share.
- Following the transaction, Ettinger directly owns 73,339 shares of Henry Schein common stock.
- Ettinger also indirectly owns 800 shares as trustee for the benefit of his children and 210 shares through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transaction has a minimal impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 03/03/2020 | Date of grant of time-based restricted stock/units. |
| 03/01/2024 | Date of transaction: surrender of shares for tax withholding and calculation date for 401(k) shares. |
| 03/03/2024 | Actual vesting date of March 3, 2020 grant of time-based restricted stock/units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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