Form 4: Inari Medical CFO Mitch Hill Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Mitch C. Hill, CFO of Inari Medical, Inc., reported the disposal of common stock to cover tax obligations related to vesting restricted share units.
Summary
- On October 1, 2024, Mitch C. Hill, the Chief Financial Officer of Inari Medical, Inc., disposed of shares of common stock to satisfy tax obligations.
- These disposals were related to the vesting of restricted share units awarded in 2021, 2022, 2023 and 2024.
- The transactions involved the disposal of 331, 616, 662 and 458 shares respectively, all at a price of $40.63.
- Following these transactions, Hill directly owns 177,533 shares of Inari Medical common stock and indirectly owns 1,600 shares through his spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock disposal transactions to cover tax obligations. |
| 10/02/2024 | Date of signature by attorney-in-fact for Mitch C. Hill. |
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