Form 4: Orthofix Medical Inc. CAO Gillespie Sells Shares to Cover Tax Obligations

Orthofix Medical Inc. CAO Geoffrey C. Gillespie sold shares of common stock on December 17, 2024, to satisfy tax withholding obligations related to the settlement of restricted stock units.

Summary

• On December 17, 2024, Geoffrey C. Gillespie, CAO of Orthofix Medical Inc., sold 26 shares of common stock at a price of $17.84 per share.
• The sale was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
• The sale was mandated by a pre-existing sell-to-cover requirement previously approved by the Compensation and Talent Development Committee.
• Following the transaction, Gillespie beneficially owns 41,041 shares of Orthofix Medical Inc., including 38,758 restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction reflects a standard procedure for managing equity compensation.

Stakeholder Impact

• The sale of a small number of shares is unlikely to have a significant impact on shareholders.

Key Dates