Form 4: Smiths Group PLC Sells 830,000 Shares of ICU Medical Inc.
SEC Form 4 Filing
Smiths Group PLC, a former 10% owner of ICU Medical Inc., sold 830,000 shares of common stock at a price of $106.075 per share on February 29, 2024, reducing its holdings to 1,670,000 shares.
Summary
- Smiths Group PLC, through its subsidiary Smiths Group International Holdings Limited (SGIH), disposed of 830,000 shares of ICU Medical Inc. common stock on February 29, 2024.
- The transaction was executed at a price of $106.075 per share.
- Following the sale, Smiths Group PLC, through SGIH, beneficially owns 1,670,000 shares of ICU Medical Inc.
- The filing includes a Power of Attorney, effective July 27, 2023, authorizing Clare Scherrer and Matthew Whyte to sign SEC filings on behalf of Smiths Group PLC.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views.
Industry Context
This transaction reflects a change in Smiths Group PLC's investment position in ICU Medical Inc. and is a routine disclosure for significant shareholders.
Stakeholder Impact
- The sale of shares by Smiths Group PLC may have a short-term impact on ICU Medical Inc.'s stock price.
Key Dates
| Date | Description |
|---|---|
| July 27, 2023 | Date of Power of Attorney for Smiths Group PLC |
| February 29, 2024 | Date of transaction: Sale of 830,000 shares of ICU Medical Inc. |
| March 01, 2024 | Date of signature on the SEC Form 4 filing. |
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