Form 4: Medtronic Director Kendall J. Powell Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kendall J. Powell, a director at Medtronic plc, disposed of 192 ordinary shares on May 1, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On May 1, 2024, Kendall J. Powell, a director of Medtronic plc, disposed of 192 ordinary shares.
- The transaction was executed to cover tax obligations related to the vesting of previously reported restricted stock units.
- The shares were disposed of at a price of $80.89 per share.
- Following the transaction, Powell directly owns 45,843 ordinary shares of Medtronic plc.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock disposal for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by a director for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Disposal of 192 ordinary shares. |
| 05/03/2024 | Date of signature by attorney-in-fact. |
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