Form 4: iRobot CEO Gary Cohen Reports Routine Stock Transaction for Tax Withholding
Insider Transaction Report
iRobot Corporation's President and CEO, Gary Cohen, reported a disposition of 42,562 shares of common stock on June 7, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Gary Cohen, President and CEO of iRobot Corporation, reported a transaction involving iRobot common stock.
- On June 7, 2025, Mr. Cohen disposed of 42,562 shares of iRobot Common Stock.
- The disposition was identified as a 'F' transaction code, indicating shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The deemed price for the shares withheld was $3.96 per share.
- Following this transaction, Mr. Cohen beneficially owns 249,588 shares of iRobot Common Stock directly.
- An Exhibit 24, Power of Attorney, was filed, signed by Gary Cohen on June 9, 2025, appointing specific individuals as attorneys-in-fact for SEC filings.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction (shares withheld for taxes upon RSU vesting) and does not reflect a discretionary sale or purchase by the insider.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Gary Cohen granted a Power of Attorney to Kevin Lanouette, Karian Wong, Gregg Katz, and Paul Rosie to execute and file Forms 3, 4, and 5 on his behalf regarding his holdings and transactions in iRobot Corporation securities. | 06/09/2025 | This is a standard administrative procedure to facilitate timely and compliant SEC filings for the reporting person, ensuring adherence to Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: The transaction represents a minor reduction in direct beneficial ownership by the CEO due to tax obligations, which is a common occurrence and generally has no significant impact on shareholder value or company operations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 06/09/2025 | Date Gary Cohen signed the Power of Attorney. |
| 06/10/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
iRobot Corporation, IRBT, Gary Cohen, SEC Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Common Stock, Corporate Governance
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