Form 4: QuidelOrtho COO Philip McLellan Reports Vesting of Restricted Stock Units and Tax-Related Share Disposition
Insider Transaction Report
QuidelOrtho Corp's Chief Operations Officer, Philip D. McLellan, reported the vesting of 4,749 restricted stock units and the subsequent disposition of 1,951 shares to cover tax obligations on June 30, 2025.
Summary
- Philip D. McLellan, Chief Operations Officer of QuidelOrtho Corp (QDEL), reported transactions involving company common stock.
- On June 30, 2025, 4,749 restricted stock units (RSUs) fully vested, resulting in the acquisition of 4,749 shares of common stock at a price of $0.
- Concurrently, 1,951 shares of common stock were disposed of at a price of $28.82 per share.
- This disposition was specifically to satisfy tax withholding obligations related to the issuance of common shares from the RSU release.
- Following these transactions, Philip D. McLellan's direct beneficial ownership of common stock is 13,304 shares.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction involving the vesting of restricted stock units and a tax-related share disposition, which is neutral in sentiment.
Positives
- Vesting of 4,749 restricted stock units indicates a milestone achieved for the executive's compensation plan.
- The acquisition of shares at $0 price reflects the conversion of previously granted equity awards into common stock.
Negatives
- Disposition of 1,951 shares at $28.82 to cover tax withholding obligations reduces the executive's direct shareholding.
Industry Context
This is a routine insider transaction filing and does not provide broader industry context.
Stakeholder Impact
- Shareholders: Minor dilution from RSU vesting, but offset by shares disposed for tax. Overall, a routine event with minimal direct impact on share price or ownership structure.
- Employees: No direct impact on general employees.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of earliest transaction, including the vesting of 4,749 restricted stock units and the disposition of 1,951 shares for tax withholding. |
| 07/02/2025 | Date the Form 4 was signed and filed by Euna Greene, attorney-in-fact for Philip D. McLellan. |
Keywords
QuidelOrtho Corp, QDEL, Philip D. McLellan, Chief Operations Officer, COO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Share Disposition, Tax Withholding, Beneficial Ownership, Equity Compensation
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