Form 4: LeMaitre Vascular CFO Pellegrino Exercises Options and Sells Shares
SEC Form 4
Joseph P. Pellegrino JR, CFO of LeMaitre Vascular, exercised stock options and sold shares on February 29, 2024, according to a Form 4 filing with the SEC.
Summary
- On February 29, 2024, Joseph P. Pellegrino JR, the CFO of LeMaitre Vascular, engaged in multiple transactions involving the company's common stock.
- Pellegrino exercised stock options to acquire a total of 37,314 shares at prices ranging from $23.56 to $48.60.
- He then sold 36,967 shares at weighted average prices ranging from $68.56 to $71.19.
- These sales were executed in multiple trades within specified price ranges.
- Additionally, Pellegrino acquired 2,649 shares upon settlement of a Performance Share Unit (PSU) award and 6 shares upon release of dividend equivalent rights.
- The CFO also had 296 shares withheld by the issuer to satisfy tax obligations related to the vesting of performance stock units.
- Following these transactions, Pellegrino directly owns 9,105 shares of LeMaitre Vascular stock.
Sentiment
Score: 5
Explanation: This is a routine insider transaction filing. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Option exercises and share sales are a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/22/2017 | Date of grant for some stock options that were exercised. |
| 12/19/2018 | Date of grant for some stock options that were exercised. |
| 12/20/2019 | Date of grant for some stock options that were exercised. |
| 12/02/2020 | Date of grant for some stock options that were exercised. |
| 12/11/2021 | Date of grant for some stock options that were exercised. |
| 12/12/2022 | Date of grant for Performance Share Unit (PSU) award. |
| 02/29/2024 | Date of transactions: stock option exercises, share sales, PSU settlement, and dividend equivalent rights release. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
| 12/22/2024 | Expiration date for some stock options. |
| 12/19/2025 | Expiration date for some stock options. |
| 12/20/2026 | Expiration date for some stock options. |
| 12/02/2027 | Expiration date for some stock options. |
| 12/11/2028 | Expiration date for some stock options. |
| 12/12/2029 | Expiration date for some stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.