Form 4: Paragon 28, Inc. Executive Matthew Jarboe Reports Stock Transaction
SEC Form 4 Filing
Matthew Jarboe, Chief Commercial Officer of Paragon 28, Inc., reports the withholding of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On October 21, 2024, Matthew Jarboe, the Chief Commercial Officer of Paragon 28, Inc., had shares withheld to cover tax liabilities.
- A total of 7,791 shares of common stock were withheld at a price of $5.33 per share.
- Following the transaction, Jarboe directly owns 389,509 shares, which includes 160,793 restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It doesn't necessarily indicate a strategic shift for Paragon 28, Inc.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider transactions.
- Executive compensation packages often include RSUs, and the tax withholding process is a common occurrence.
- Comparable companies in the medical device sector also regularly disclose similar transactions by their executives.
Key Dates
| Date | Description |
|---|---|
| 10/21/2024 | Date of stock transaction (tax liability withholding) |
| 10/23/2024 | Date of signature for the Form 4 filing |
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