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

EVP, General Counsel & Secretary of Penumbra Inc., Johanna Roberts, reports acquisition of restricted stock units and shares withheld for tax obligations.

Summary

• On March 15, 2024, Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., reported transactions involving Penumbra Inc. common stock.
• Roberts was granted 2,070 restricted stock units (RSUs) under the company's equity incentive plan, vesting annually in four equal installments starting March 15, 2024.
• The report also indicates that 186 shares were withheld by Penumbra Inc. to cover tax obligations related to the vesting of previously granted RSUs at a price of $222.15.
• Following these transactions, Roberts directly owns 64,881 shares of Penumbra Inc. common stock, some of which are subject to vesting.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of RSUs to a key executive aligns their interests with the company's long-term performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The RSU grant may have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates