Form 4: Paragon 28 CFO Chadi Chahine Reports Acquisition of Restricted Stock Units

Chadi Chahine, CFO of Paragon 28, reports the acquisition of restricted stock units (RSUs) that will vest over four years.

Summary

• Chadi Chahine, the Chief Financial Officer and EVP of Supply Chain Operations at Paragon 28, Inc. (FNA), filed a Form 4 on August 8, 2024.
• The report details the acquisition of 374,507 restricted stock units (RSUs) on August 7, 2024.
• These RSUs will vest in equal installments of 25% on each anniversary of August 7, 2024, contingent upon Chahine's continued service to the company.
• Following the transaction, Chahine beneficially owns 374,840 shares of common stock, including the 374,507 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The vesting schedule of the RSUs incentivizes continued service and alignment with the company's long-term success.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continued service to the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the CFO to remain with the company and contribute to its success.
• Employees may see this as a positive sign of investment in leadership.

Key Dates