Form 4: Paragon 28, Inc. Chief Accounting Officer Erik E. Mickelson Reports Changes in Beneficial Ownership

Erik E. Mickelson, Chief Accounting Officer of Paragon 28, Inc., reports the acquisition of restricted stock units and changes in beneficial ownership of common stock.

Summary

• On March 8, 2024, Erik E. Mickelson, the Chief Accounting Officer of Paragon 28, Inc., reported changes in his beneficial ownership of the company's securities.
• Mickelson acquired 15,455 restricted stock units (RSUs), each convertible to one share of common stock upon vesting.
• These RSUs vest in four equal installments, with 25% vesting on each anniversary of March 8, 2024, contingent upon Mickelson's continued service to the Issuer.
• Following the reported transaction, Mickelson beneficially owns 37,988 shares of common stock, including 33,493 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of RSUs suggests continued alignment of the Chief Accounting Officer's interests with the company's long-term performance.

Future Outlook

The vesting schedule of the RSUs (25% annually starting March 8, 2024) incentivizes continued service and alignment with the company's long-term goals.

Industry Context

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

Stakeholder Impact

• The RSU grant aligns management's interests with shareholders, incentivizing long-term value creation.

Key Dates