Form 4: Integer Holdings Corp Executive Margaret Carthy Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Margaret Carthy of Integer Holdings Corp reported multiple transactions involving the acquisition and disposal of company stock and restricted stock units.
Summary
- Margaret Carthy, an Executive Vice President at Integer Holdings Corp, filed a Form 4 detailing her recent transactions.
- The transactions include the acquisition of common stock through the vesting of restricted stock units.
- She acquired 462 shares on January 19, 2025, 539 shares on January 20, 2025, and 352 shares on January 21, 2025, through the vesting of restricted stock units.
- She also disposed of 522 shares on January 21, 2025, at $141 per share and 184 shares on the same day at $143.16 per share to cover tax obligations.
- Additionally, she was granted 1,418 restricted stock units on January 17, 2025, which will vest on June 27, 2025.
- The report also details the vesting schedule of previously granted restricted stock units.
Sentiment
Score: 6
Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative. The sentiment is neutral to slightly positive due to the vesting of stock units.
Positives
- The vesting of restricted stock units indicates a positive performance incentive for the executive.
- The acquisition of shares through vesting increases the executive's stake in the company.
Negatives
- The disposal of shares to cover tax obligations reduces the executive's direct holdings, although this is a common practice.
Risks
- The sale of shares by an executive could be perceived negatively by the market, although in this case it is for tax obligations.
- Changes in the company's stock price could affect the value of the executive's holdings and future vesting of restricted stock units.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a routine filing related to executive compensation and stock transactions, common in publicly traded companies. It does not indicate any specific industry trend or competitive activity.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies like Integer Holdings Corp.
- The vesting schedules and tax withholding practices are consistent with typical executive compensation plans.
- Comparable companies in the medical device manufacturing sector also use restricted stock units as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The vesting of restricted stock units aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 01/17/2025 | Margaret Carthy was granted 1,418 restricted stock units. |
| 01/19/2025 | 462 restricted stock units vested and converted to common stock. |
| 01/20/2025 | 539 restricted stock units vested and converted to common stock. |
| 01/21/2025 | 352 restricted stock units vested and converted to common stock, and 706 shares were sold to cover tax obligations. |
| 01/22/2025 | Date of filing the Form 4. |
| 06/27/2025 | 1,418 restricted stock units granted on January 17, 2025, will vest. |
Keywords
Form 4, Integer Holdings Corp, Margaret Carthy, stock transactions, restricted stock units, executive compensation, insider trading
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