Form 4: Penumbra CFO Reports RSU Grant and Tax Withholding

Penumbra's Chief Financial Officer, Maggie Yuen, reported the grant of 3,580 Restricted Stock Units and the disposition of shares for tax obligations.

Summary

• Maggie Yuen, Chief Financial Officer of Penumbra Inc. (PEN), reported transactions involving the company's common stock.
• On November 15, 2025, Yuen disposed of 364 shares and 327 shares of common stock at a price of $280.07 per share.
• These dispositions were due to shares being withheld by Penumbra to satisfy tax withholding obligations related to the vesting of previously granted Restricted Stock Units (RSUs).
• On November 17, 2025, Yuen was granted 3,580 RSUs under the Issuer's Amended and Restated 2014 Equity Incentive Plan.
• Following these transactions, Yuen beneficially owns 16,556 shares of common stock, a portion of which is subject to vesting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the RSU grant, which is a form of executive compensation and aligns management's interests with shareholders. The dispositions are for tax purposes and are routine, thus neutral.

Positives

• The grant of 3,580 Restricted Stock Units (RSUs) to the Chief Financial Officer aligns management's interests with long-term shareholder value.
• The RSU grant represents ongoing compensation and retention of key executive talent.

Future Outlook

The newly granted 3,580 RSUs will vest in equal annual installments over four years, beginning on November 15, 2026, contingent upon the Chief Financial Officer's continued service to the company.

Industry Context

This Form 4 filing details routine insider transactions and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CFO's long-term interests with shareholder value, as her compensation is tied to the company's stock performance.
• Employees: The equity incentive plan demonstrates the company's approach to executive compensation, which may influence broader compensation strategies.

Next Steps

• Annual vesting of the 3,580 RSUs will commence on November 15, 2026, and continue annually thereafter, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically an RSU grant and tax-related share dispositions. Such transactions are standard for executive compensation and do not provide sufficient new information to warrant a change in investment recommendation. The filing does not reveal any material operational or financial performance updates that would significantly impact the company's valuation or outlook.

Keywords

Penumbra, PEN, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, CFO, Maggie Yuen, Equity Incentive Plan