Form 4: QuidelOrtho Corp: Officer McLellan Reports Stock Transactions
SEC Form 4
Philip D. McLellan, Chief Operations Officer of QuidelOrtho Corp, reports the vesting and subsequent tax withholding of common shares related to restricted stock units.
Summary
- On January 31, 2025, Philip D. McLellan, Chief Operations Officer of QuidelOrtho Corp, reported transactions involving common stock and restricted stock units.
- McLellan acquired 1,127 shares of common stock upon the vesting of restricted stock units at a price of $0.
- Simultaneously, 463 shares were disposed of at $43.46 to cover tax withholding obligations.
- Following these transactions, McLellan directly owns 6,213 shares of common stock.
- Additionally, McLellan acquired 846 shares of common stock upon the vesting of restricted stock units at a price of $0 on January 31, 2025.
- 348 shares were disposed of at $43.46 to cover tax withholding obligations.
- Following these transactions, McLellan directly owns 6,711 shares of common stock.
- On February 1, 2025, McLellan acquired 338 shares of common stock upon the vesting of restricted stock units at a price of $0.
- 139 shares were disposed of at $43.46 to cover tax withholding obligations.
- Following these transactions, McLellan directly owns 6,910 shares of common stock.
- McLellan also holds restricted stock units, some of which vest in the future.
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.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted compensation and related tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of earliest transaction involving common stock and restricted stock units. |
| 01/31/2025 | 1,127 shares vested; the remaining 1,127 shares will vest on January 31, 2026. |
| 01/31/2025 | 846 shares vested; the remaining 847 shares will vest on January 31, 2026. |
| 02/01/2025 | 338 shares vested. |
| 02/04/2025 | Date of signature for the 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.