Form 4: QuidelOrtho Corp Executive Michelle Hodges Reports Stock Transactions
SEC Form 4 Filing
Michelle Hodges, SVP, General Counsel of QuidelOrtho Corp, reports the release of restricted stock units and subsequent tax withholding of common shares.
Summary
- On May 25, 2024, Michelle Hodges, SVP, General Counsel of QuidelOrtho Corp, reported transactions involving QuidelOrtho Corp common stock.
- 420 restricted stock units were released, resulting in the acquisition of 420 common shares at $0.
- 150 common shares were disposed of to satisfy tax withholding obligations at a price of $42.4 per share.
- Following these transactions, Hodges beneficially owns 13,711 shares of QuidelOrtho Corp common stock.
- 420 restricted stock units vested on May 25, 2024, and the remaining 420 shares will vest on May 25, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining 420 restricted stock units will vest on May 25, 2025.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/25/2024 | Date of transaction: release of restricted stock units and tax withholding. |
| 05/25/2024 | 420 restricted stock units vested. |
| 05/25/2025 | Remaining 420 restricted stock units will vest. |
| 05/29/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.