Form 4: Merit Medical Systems CFO Raul Parra Jr. Sells Shares
SEC Filing
Raul Parra Jr., CFO and Treasurer of Merit Medical Systems, sold shares of the company's common stock on March 12, 2024.
Summary
- Raul Parra Jr., CFO and Treasurer of Merit Medical Systems, filed a Form 4 disclosing changes in beneficial ownership.
- On March 12, 2024, Parra sold 301 shares of common stock at a weighted average price of $74.52, with prices ranging from $74.46 to $74.56.
- Additionally, he sold 6,179 shares at a weighted average price of $73.92, with prices ranging from $73.50 to $74.44.
- Following these transactions, Parra directly owns 12,007 shares of common stock and indirectly owns 2,770 shares through a 401(k) plan.
- Parra also holds non-qualified stock options to purchase additional shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some investors, potentially leading to a slight decrease in stock price.
Key Dates
| Date | Description |
|---|---|
| 03/02/2019 | First date that non-qualified stock options become exercisable. |
| 03/01/2020 | First date that non-qualified stock options become exercisable. |
| 02/26/2021 | First date that non-qualified stock options become exercisable. |
| 03/19/2022 | First date that non-qualified stock options become exercisable. |
| 02/28/2023 | First date that non-qualified stock options become exercisable. |
| 02/28/2024 | First date that non-qualified stock options become exercisable. |
| 03/12/2024 | Date of the reported stock sales. |
| 03/13/2024 | Date of the Form 4 filing. |
| 03/02/2025 | Expiration date of non-qualified stock options. |
| 03/01/2026 | Expiration date of non-qualified stock options. |
| 02/26/2027 | Expiration date of non-qualified stock options. |
| 03/19/2028 | Expiration date of non-qualified stock options. |
| 02/28/2029 | Expiration date of non-qualified stock options. |
| 02/28/2030 | Expiration date of non-qualified stock options. |
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