Form 4: OSI Systems CEO Deepak Chopra Reports Stock Transactions

Deepak Chopra, President and CEO of OSI Systems, reports acquisition and disposal of common stock due to tax obligations and performance-based vesting.

Summary

• Deepak Chopra, the President and CEO of OSI Systems Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 30, 2024, Chopra disposed of 24,961 shares of common stock at $148.83 per share to satisfy tax withholding obligations via net settlement.
• Also on August 30, 2024, Chopra acquired 116,049 shares of common stock at $148.83 per share due to performance-based vesting.
• Following these transactions, Chopra directly owns 479,033 shares of common stock.
• Chopra also indirectly owns 15,000 shares through The Deepika Chopra Trust and 5,000 shares through The Chopra 2012 Irrevocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to compensation and tax obligations.

Positives

• The acquisition of 116,049 shares due to performance-based vesting suggests that performance targets were met, which could be viewed positively.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates