Form 4: Merit Medical Systems Inc. Executive Brian G. Lloyd Reports Gift of Common Stock
SEC Form 4 Filing
Brian G. Lloyd, Chief Legal Officer and Secretary of Merit Medical Systems Inc., reported a gift of 1,180 shares of common stock on March 14, 2024.
Summary
- On March 14, 2024, Brian G. Lloyd, the Chief Legal Officer and Secretary of Merit Medical Systems Inc., reported a transaction involving the company's common stock.
- The transaction involved a gift of 1,180 shares of common stock.
- Following the transaction, Lloyd directly owns 24,602 shares of Merit Medical Systems Inc.
- Lloyd also holds non-qualified stock options to purchase additional shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction (gift). It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/02/2019 | First vesting date for options to buy 25,000 shares at $44.80, vesting annually at 20%. |
| 03/01/2020 | First vesting date for options to buy 30,000 shares at $55.73, vesting annually at 20%. |
| 02/26/2021 | First vesting date for options to buy 16,722 shares at $37.71, vesting annually at 25%. |
| 03/19/2022 | First vesting date for options to buy 9,681 shares at $56.25, vesting annually at 25%. |
| 02/28/2023 | First vesting date for options to buy 8,094 shares at $65.03, vesting annually at 25%. |
| 02/28/2024 | First vesting date for options to buy 13,576 shares at $70.58, vesting annually at 25%. |
| 03/14/2024 | Date of gift transaction of 1,180 shares of common stock. |
| 03/15/2024 | Date of Form 4 filing. |
| 03/02/2025 | Expiration date for options to buy 25,000 shares at $44.80. |
| 03/01/2026 | Expiration date for options to buy 30,000 shares at $55.73. |
| 02/26/2027 | Expiration date for options to buy 16,722 shares at $37.71. |
| 03/19/2028 | Expiration date for options to buy 9,681 shares at $56.25. |
| 02/28/2029 | Expiration date for options to buy 8,094 shares at $65.03. |
| 02/28/2030 | Expiration date for options to buy 13,576 shares at $70.58. |
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