Form 4: LeMaitre CEO Gifts Shares to Irrevocable Trust

George W. LeMaitre, Chairman and CEO of LeMaitre Vascular Inc., gifted 21,300 shares of common stock to an irrevocable trust for his children.

Summary

• George W. LeMaitre, Chairman and CEO of LeMaitre Vascular Inc. (LMAT), reported gift transactions on September 5, 2025.
• He disposed of a total of 42,500 shares of LMAT common stock from his direct beneficial ownership.
• Of these, 21,300 shares were acquired by the LEMAITRE IRREVOCABLE LIFE INSURANCE TRUST OF 2025, which benefits his child(ren).
• The transactions were reported with a price of $0, indicating they were gifts.
• Following these transactions, his direct beneficial ownership stands at 1,663,303 shares, and the indirect beneficial ownership through the trust is 21,300 shares.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction (gift) for estate planning purposes, not indicative of company performance or a change in management's view of the company's prospects.

Positives

• The transfer of shares to an irrevocable trust can be a positive for long-term estate planning and wealth management for the executive's family.

Negatives

• A disposition of shares, even as a gift, reduces the direct beneficial ownership of the Chairman and CEO in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• These shares are held by an irrevocable trust for the benefit of Reporting Person's child(ren).
• The Reporting Person disclaims ownership of such securities except to the extent of his pecuniary interest therein, if any, and the reporting herein of such securities shall not be construed as an admission of beneficial ownership thereof for the purposes of Section 16 or for any other purpose.

Industry Context

This is an insider transaction related to an individual executive's personal financial planning and estate management, not directly indicative of broader industry trends or competitive dynamics.

Related Party Transactions

• Gift of 21,300 shares of common stock to the LEMAITRE IRREVOCABLE LIFE INSURANCE TRUST OF 2025, established for the benefit of the reporting person's child(ren).

Stakeholder Impact

• Shareholders: Minor reduction in the CEO's direct beneficial ownership, but overall beneficial ownership (direct plus indirect via trust) remains substantial. No direct impact on company operations or value is implied by this personal transaction.

Key Dates

Recommendation

This Form 4 filing details a gift of shares by the CEO for estate planning purposes. It does not reflect a change in the company's fundamentals, operational performance, or the CEO's long-term commitment to the company, as a significant portion of the shares remain beneficially owned, albeit indirectly. Therefore, it provides no basis for a change in investment recommendation based solely on this filing.

Keywords

LeMaitre Vascular, LMAT, George W. LeMaitre, Insider Transaction, Form 4, Gift, Trust, Common Stock, CEO, Chairman