Form 4: Penumbra Inc. Chief Accounting Officer Reports Stock Transaction

Lambert Shiu, Chief Accounting Officer at Penumbra Inc., reports a transaction involving the withholding of shares to cover tax obligations and shares held in a spouse's IRA.

Summary

• Lambert Shiu, the Chief Accounting Officer of Penumbra Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On December 15, 2024, 300 shares of common stock were withheld by Penumbra to satisfy tax obligations related to the vesting of restricted stock units.
• These shares were valued at $245.55 each.
• Following the transaction, Shiu directly owns 24,978 shares of Penumbra stock, a portion of which is subject to vesting.
• Additionally, 300 shares are indirectly held through a spouse's IRA.

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock transaction, which is neither positive nor negative, but is a normal part of company operations. The sentiment is neutral to slightly positive as it shows the officer has a significant holding in the company.

Industry Context

This is a routine filing related to stock transactions by company insiders, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a common occurrence where shares are withheld to cover tax obligations when restricted stock units vest, which is a standard practice across the industry.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
• The transaction does not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Penumbra Inc, Lambert Shiu, Chief Accounting Officer, Tax Withholding, Restricted Stock Units, IRA