Form 4: Penumbra Inc. Executive Johanna Roberts Reports Stock Transaction
SEC Form 4 Filing
EVP, General Counsel & Secretary of Penumbra Inc., Johanna Roberts, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 15, 2025, Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., reported a transaction involving Penumbra Inc. common stock.
- 186 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $272.62.
- Following the transaction, Roberts beneficially owns 66,353 shares of Penumbra Inc., a portion of which are subject to vesting.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and subsequent tax withholding, are standard across publicly traded companies.
- Companies like Medtronic, Boston Scientific, and Abbott also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock transaction (disposal of shares). |
| 03/18/2025 | Date of signature on the report. |
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