Form 4: Penumbra Inc. CFO Maggie Yuen Reports Stock Transaction

Penumbra Inc.'s Chief Financial Officer, Maggie Yuen, disposed of 599 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Maggie Yuen, the Chief Financial Officer of Penumbra Inc., filed a Form 4 indicating a transaction involving the company's stock.
• On December 15, 2024, Ms. Yuen disposed of 599 shares of Penumbra common stock at a price of $245.55 per share.
• This disposal was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Ms. Yuen beneficially owns 14,704 shares of Penumbra stock, a portion of which is subject to vesting.
• This total includes 7 shares purchased through the company's Employee Stock Purchase Plan on November 19, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a stock transaction by a company insider. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and are not unusual. They provide transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the details of this filing are consistent with typical disclosures.
• The transaction is similar to those of other executives who sell shares to cover tax obligations related to vesting stock options or restricted stock units.
• The number of shares sold is relatively small compared to the total shares owned by the CFO, which is not unusual.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.

Key Dates

Keywords

Form 4, Penumbra Inc, Maggie Yuen, stock transaction, insider trading, restricted stock units, tax withholding, employee stock purchase plan