Form 4: OSI Systems Director James B. Hawkins Reports Stock Disposal for Tax Obligations

Director James B. Hawkins of OSI Systems Inc. reported disposing of 170 shares of common stock on July 28, 2024, to cover tax withholding obligations.

Summary

• James B. Hawkins, a director of OSI Systems Inc., filed a Form 4 with the SEC on October 29, 2024.
• The report details a transaction on July 28, 2024, where 170 shares of common stock were disposed of at a price of $150.33 per share.
• This disposal was to cover tax withholding obligations via a net settlement; no shares were sold on the market.
• Following the transaction, Hawkins directly owns 8,396 shares of OSI Systems Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine transaction for tax obligations and doesn't indicate a significant change in the director's holdings or confidence in the company.

Management Comments

• Pursuant with a net settlement, shares of stock were tendered to pay for the tax withholding.
• No shares of stock were sold.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares disposed of for tax purposes.

Key Dates