Form 4: Inspire Medical Systems Director Acquires Shares in Lieu of Cash Compensation
SEC Form 4
Gary Lee Ellis, a director at Inspire Medical Systems, acquired 70 shares of common stock on April 12, 2024, in lieu of cash fees.
Summary
- On April 12, 2024, Gary Lee Ellis, a director of Inspire Medical Systems, acquired 70 shares of common stock.
- The acquisition was made in lieu of cash fees, as per the company's Non-Employee Director Compensation Policy.
- The price per share was $231.74.
- Following the transaction, Ellis directly owns 3,304 shares of Inspire Medical Systems.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction of a director receiving shares as part of their compensation. It's neither particularly positive nor negative.
Industry Context
This transaction reflects a common practice where company directors receive stock as part of their compensation, aligning their interests with those of the shareholders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares being transferred to a director as part of their compensation.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of transaction: Gary Lee Ellis acquired 70 shares of common stock. |
| 04/16/2024 | Date of signature on the Form 4 filing. |
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