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

Geoffrey C. Gillespie, CAO of Orthofix Medical Inc., sold 296 shares of common stock on March 18, 2025, to satisfy tax withholding obligations related to the settlement of restricted stock units.

Summary

• On March 18, 2025, Geoffrey C. Gillespie, the CAO of Orthofix Medical Inc., sold 296 shares of common stock at a price of $16.6 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 of the Company's Board of Directors.
• Following the transaction, Gillespie beneficially owns 42,521 shares, which includes 35,034 previously reported 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

Form 4 filings are a routine part of the US stock market, and are required by the SEC to provide transparency when company insiders trade their company's stock. This particular filing relates to the sale of shares to cover tax obligations, which is a common practice.

Key Dates

Keywords

Orthofix Medical Inc., Geoffrey C. Gillespie, Form 4, Share Sale, Tax Withholding, Restricted Stock Units, OFIX