Form 4: Penumbra Inc. Executive Johanna Roberts Reports Stock Transaction

Executive Vice President, General Counsel, and Secretary of Penumbra Inc., Johanna Roberts, reports a transaction involving the withholding of 794 shares of common stock to cover tax obligations.

Summary

• Johanna Roberts, an executive at Penumbra Inc., filed a Form 4 indicating a transaction on December 15, 2024.
• The transaction involved the withholding of 794 shares of Penumbra Inc. common stock.
• These shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units.
• The price per share for the transaction was $245.55.
• Following the transaction, Roberts beneficially owns 62,650 shares of Penumbra Inc. stock, a portion of which is subject to vesting.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any unusual activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• Many companies use restricted stock units as part of their compensation packages, and withholding shares for tax obligations is a common procedure.
• Comparable companies in the medical device industry also have similar reporting requirements for insider transactions.

Stakeholder Impact

• The transaction has a minor impact on the total number of shares outstanding.
• The transaction is part of the executive compensation package and is not expected to have a significant impact on shareholders.

Key Dates

Keywords

Form 4, Penumbra Inc, stock transaction, insider trading, executive compensation, Johanna Roberts, tax withholding, restricted stock units