Form 4: Merit Medical Systems Executive Brian G. Lloyd Reports Stock Gift and Option Holdings
SEC Form 4
Brian G. Lloyd, Chief Legal Officer and Secretary of Merit Medical Systems, reported a gift of 4,700 common stock shares and details of existing non-qualified stock options.
Summary
- On March 13, 2025, Brian G. Lloyd, Chief Legal Officer and Secretary of Merit Medical Systems, filed a Form 4.
- The filing reports a gift of 4,700 shares of common stock.
- Following the transaction, Lloyd directly owns 34,245 shares of Merit Medical Systems.
- The filing also details Lloyd's holdings of non-qualified stock options with 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 regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The gift of shares does not have a material impact on the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Date from which non-qualified stock options with an exercise price of $37.71 become exercisable in 25% annual installments, expiring 02/26/2027. |
| 03/19/2022 | Date from which non-qualified stock options with an exercise price of $56.25 become exercisable in 25% annual installments, expiring 03/19/2028. |
| 02/28/2023 | Date from which non-qualified stock options with an exercise price of $65.03 become exercisable in 25% annual installments, expiring 02/28/2029. |
| 02/28/2024 | Date from which non-qualified stock options with an exercise price of $70.58 become exercisable in 25% annual installments, expiring 02/28/2030. |
| 03/13/2025 | Date of the reported transaction: gift of 4,700 shares of common stock. |
| 03/14/2025 | Date of the Form 4 filing. |
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