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

Director James B. Hawkins of OSI Systems Inc. reported disposing of shares to cover tax withholding obligations, without selling any stock directly.

Summary

• On July 6, 2024, James B. Hawkins, a director of OSI Systems Inc., disposed of 231 shares of common stock to cover tax withholding at a price of $137.62.
• Following this transaction, Hawkins directly owns 7,603 shares of OSI Systems Inc.
• On July 8, 2024, Hawkins disposed of another 476 shares for tax withholding at the same price.
• After this second transaction, Hawkins directly owns 7,127 shares.
• These disposals were not sales of stock but net settlements to cover tax obligations.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the director's overall confidence in the company.

Key Dates