Form 4: Orthopediatrics Corp. Executive Sells Shares to Cover Tax Obligations

Daniel J. Gerritzen, General Counsel and Secretary of Orthopediatrics Corp., sold 2,741 shares of common stock on March 11, 2024, to satisfy tax withholding obligations.

Summary

• On March 11, 2024, Daniel J. Gerritzen, the General Counsel and Secretary of Orthopediatrics Corp., sold 2,741 shares of the company's 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, Gerritzen beneficially owns 52,403 shares of Orthopediatrics Corp., which includes 31,617 restricted stock awards.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate any specific positive or negative outlook for the company.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax obligations, or personal financial planning. This transaction appears to be related to tax obligations from vesting restricted shares, which is a typical scenario.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates