Form 4: OSI Systems Director James Hawkins Sells Shares to Cover Tax Obligations

OSI Systems director James Hawkins disposed of 15 shares of common stock to cover tax obligations related to a net settlement.

Summary

• James Hawkins, a director at OSI Systems Inc., disposed of 15 shares of common stock on December 13, 2024.
• The shares were disposed of at a price of $187.75 per share.
• This transaction was a net settlement to cover tax withholding obligations, and no shares were actually sold.
• Following the transaction, Mr. Hawkins directly owns 6,381 shares of OSI Systems stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment towards the company's performance or outlook.

Industry Context

This is a routine transaction for a company director to cover tax obligations related to stock awards or vesting. It is not indicative of any change in the company's performance or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders and are common across all publicly traded companies.
• The transaction is a typical net settlement for tax obligations, which is a common practice among executives and directors who receive stock-based compensation.
• The number of shares disposed of is relatively small compared to the total holdings of the director, suggesting it is a routine tax-related transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal of shares by a director for tax purposes.

Key Dates

Keywords

OSI Systems, insider trading, Form 4, James Hawkins, stock disposal, net settlement, tax withholding, director