Form 4: Orthopediatrics Corp. COO and CFO Fred Hite Sells Shares to Cover Tax Obligations

Fred Hite, COO and CFO of Orthopediatrics Corp., sold 3,195 shares of common stock on March 11, 2024, to satisfy tax withholding obligations upon the vesting of restricted shares.

Summary

• On March 11, 2024, Fred Hite, the COO and CFO of Orthopediatrics Corp. (KIDS), sold 3,195 shares of common stock.
• The sale was executed at a price of $27.59 per share.
• This transaction was done to cover tax withholding obligations related to the vesting of restricted shares.
• Following the transaction, Hite still beneficially owns 94,072 shares of Orthopediatrics Corp., which includes 44,836 restricted stock awards.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, and the executive still holds a significant number of shares.

Industry Context

This is a routine Form 4 filing, indicating insider activity. It's common for executives to sell shares to cover tax obligations when restricted stock vests. The sale itself doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders as it is a routine transaction.

Key Dates