Form 4: QuidelOrtho CFO Joseph M. Busky Reports Stock Transactions
SEC Form 4
QuidelOrtho's CFO, Joseph M. Busky, reports the vesting and subsequent tax-related disposition of common stock.
Summary
- On February 8, 2025, Joseph M. Busky, the Chief Financial Officer of QuidelOrtho Corp, had 5,968 restricted stock units vest, converting into common stock.
- Simultaneously, 2,058 shares were disposed of to cover tax withholding obligations at a price of $42.89 per share.
- Following these transactions, Busky directly owns 13,694 shares of common stock and indirectly owns 2,150 shares through a trust.
- He also holds 11,937 restricted stock units, with future vesting dates on February 8, 2026, and February 8, 2027.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person holds restricted stock units that will vest on February 8, 2026, and February 8, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/08/2025 | Date of earliest transaction: vesting of restricted stock units and tax-related disposition of shares. |
| 02/08/2025 | 5,968 shares vested. |
| 02/08/2026 | 5,968 shares will vest. |
| 02/08/2027 | 5,969 shares will vest. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
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