Form 4: Procept BioRobotics EVP, CFO Kevin Waters Reports Stock Transactions
SEC Form 4 Filing
Kevin Waters, EVP and CFO of Procept BioRobotics, reports acquisition and disposal of common stock and stock options related to restricted stock units.
Summary
- On March 6, 2024, Kevin Waters, the EVP and CFO of Procept BioRobotics Corp, reported transactions involving the company's common stock and stock options.
- Waters acquired 19,328 shares of common stock through restricted stock units (RSUs) at a price of $0.
- He also sold 3,435 shares of common stock at a weighted average price of $46.67 to cover tax withholding obligations related to the vesting of RSUs granted on February 16, 2023.
- Additionally, Waters acquired stock options for 16,835 shares of common stock with an exercise price of $47.17.
- The stock options vest monthly from March 5, 2024, over a four-year period.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a normal part of corporate governance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/16/2023 | Date of Restricted Stock Units grant related to tax withholding obligations. |
| 03/05/2024 | Vesting commencement date for RSUs and stock options. |
| 03/06/2024 | Date of reported transactions: acquisition of RSUs and stock options, sale of common stock. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
| 03/05/2034 | Expiration date of the stock options. |
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