Form 4: Orthofix Medical Inc. CAO Gillespie Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Geoffrey C. Gillespie, CAO of Orthofix Medical Inc., sold 76 shares of common stock on April 2, 2025, to satisfy tax withholding obligations related to the settlement of restricted stock units.
Summary
- On April 2, 2025, Geoffrey C. Gillespie, the CAO of Orthofix Medical Inc., sold 76 shares of common stock at a price of $15.74 per share.
- The sale was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
- This transaction was conducted under a pre-existing sell-to-cover requirement approved by the Compensation and Talent Development Committee.
- Following the transaction, Gillespie beneficially owns 42,445 shares, including 34,742 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction (sale of shares for tax obligations). It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing relates to the sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of the transaction (sale of shares). |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Orthofix Medical Inc., Geoffrey C. Gillespie, OFIX, Form 4, Share Sale, Tax Withholding, Restricted Stock Units, CAO
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