Form 4: Penumbra Inc. Executive Johanna Roberts Reports Stock Transactions
SEC Form 4 Filing
EVP, Gen. Counsel & Secretary Johanna Roberts reports acquisition and disposal of Penumbra Inc. stock and restricted stock units.
Summary
- Johanna Roberts, EVP, Gen. Counsel & Secretary of Penumbra Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 14, 2025, Roberts was granted 780 restricted stock units (RSUs) under the company's equity incentive plan, vesting in equal installments annually starting February 18, 2025.
- On February 18, 2025, Roberts was granted an additional 1,840 RSUs, vesting annually beginning February 15, 2026.
- 81 shares were withheld by the issuer to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Roberts beneficially owns 66,539 shares of Penumbra Inc. common stock, a portion of which is subject to vesting.
Sentiment
Score: 6
Explanation: The document is neutral in tone, simply reporting stock transactions. The granting of RSUs is generally viewed as a positive sign, but the tax withholding is a neutral event.
Positives
- The grant of RSUs to a key executive suggests the company is incentivizing long-term performance and retention.
Negatives
- The disposal of 81 shares to cover tax obligations, while routine, slightly reduces the executive's stake in the company.
Risks
- The value of the RSUs is tied to the performance of Penumbra Inc.'s stock, creating a potential risk if the stock price declines.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The granting of RSUs is a common practice to align executive compensation with shareholder interests.
Stakeholder Impact
- The transactions reported in the Form 4 have a minor impact on shareholders, as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Reporting Person was granted 780 restricted stock units (RSUs) |
| 02/18/2025 | 1/4 of the 780 RSUs will vest equally |
| 02/18/2025 | Reporting Person was granted 1,840 RSUs |
| 02/19/2025 | Date of signature |
| 02/15/2026 | 1/4 of the 780 RSUs will vest equally |
| 02/15/2026 | 1/4 of the 1,840 RSUs will vest equally |
| 02/15/2027 | 1/4 of the 780 RSUs will vest equally |
| 02/15/2028 | 1/4 of the 780 RSUs will vest equally |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Penumbra Inc, Stock Options, Equity Incentive Plan, Vesting
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