Form 4: Penumbra Executive's Stock Transaction for Tax Withholding

Penumbra Inc.'s EVP, General Counsel, and Secretary, Johanna Roberts, disposed of 186 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., reported a transaction involving the company's common stock.
• On March 15, 2026, 186 shares of Penumbra Inc. Common Stock were disposed of.
• The disposition was specifically for tax withholding purposes, connected to the vesting of restricted stock units granted to Ms. Roberts.
• The price per share for the disposed shares was $336.18.
• Following this transaction, Johanna Roberts beneficially owns 67,298 shares of Penumbra Inc. Common Stock.
• A portion of the beneficially owned shares is subject to further vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of shares following the vesting of restricted stock units, which is a routine part of executive compensation.

Positives

• The underlying event, the vesting of restricted stock units, represents a form of compensation for the executive, indicating continued alignment of interests with shareholders.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon restricted stock unit vesting, are common across industries and generally reflect standard executive compensation practices rather than a change in management's outlook on the company's future prospects.

Comparison to Industry Standards

• This type of transaction, involving shares withheld by the issuer to cover tax obligations upon the vesting of restricted stock units, is a standard and widely accepted practice for executive equity compensation across various sectors, including the medical technology industry, and aligns with typical corporate governance and tax compliance procedures.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine executive compensation and tax compliance event, not indicative of a change in company fundamentals or strategy.

Key Dates

Keywords

Penumbra Inc, PEN, Form 4, insider transaction, stock disposition, tax withholding, restricted stock units, RSU, executive compensation