Form 4: OSI Systems Inc. Executive Okawa Reports Stock Transaction

Cary M. Okawa, Chief Accounting Officer of OSI Systems Inc., reports a transaction involving common stock to cover tax withholding obligations.

Summary

• On August 22, 2024, Cary M. Okawa, the Chief Accounting Officer of OSI Systems Inc., filed a Form 4.
• The filing reports a transaction where 83 shares of common stock were disposed of at a price of $144.62.
• This transaction was related to covering tax withholding obligations through a net settlement, and no shares were actually sold.
• Following the reported transaction, Okawa directly owns 2,402 shares of OSI Systems Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

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 a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates that the Chief Accounting Officer is managing their tax obligations related to stock ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposal by an executive.

Key Dates