Form 4: LeMaitre Vascular CFO Reports Stock Transactions Following Vesting of Equity Awards

LeMaitre Vascular's Chief Financial Officer, Joseph P. Pellegrino Jr., reported multiple transactions involving the acquisition and disposal of company stock and dividend equivalent rights following the vesting of restricted stock units and performance stock units.

Summary

• Joseph P. Pellegrino Jr., the Chief Financial Officer of LeMaitre Vascular, Inc., filed a Form 4 detailing several transactions.
• On December 11, 2024, Mr. Pellegrino acquired 18 shares of common stock and 18 dividend equivalent rights upon the vesting of restricted stock units.
• Also on December 11, 2024, 294 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units at a price of $101 per share.
• On December 12, 2024, Mr. Pellegrino acquired 11 shares of common stock and 11 dividend equivalent rights upon the vesting of restricted stock units.
• Additionally on December 12, 2024, 11 shares of common stock and 11 dividend equivalent rights were acquired upon the vesting of performance stock units.
• On December 12, 2024, 298 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units at a price of $100.28 per share.
• Also on December 12, 2024, 298 shares were withheld by the company to cover tax obligations related to the vesting of performance stock units at a price of $100.28 per share.
• These transactions resulted in a net decrease in Mr. Pellegrino's direct holdings of LeMaitre Vascular common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative. It is a neutral event.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects the standard practice of equity compensation and tax withholding.

Comparison to Industry Standards

• The vesting of restricted stock units and performance stock units is a common practice in the industry for executive compensation.
• Tax withholding on vesting equity awards is a standard procedure across publicly traded companies.
• The reporting of these transactions via SEC Form 4 is a mandatory compliance requirement for company insiders.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of the company.
• The tax withholding transactions reduce the number of shares held by the CFO.

Key Dates

Keywords

Form 4, insider trading, stock transactions, restricted stock units, performance stock units, dividend equivalent rights, tax withholding, LMAT, LeMaitre Vascular, Joseph P. Pellegrino Jr.