Form 4: QuidelOrtho Corp: Officer McLellan Reports Stock Transactions
SEC Form 4 Filing
Philip D. McLellan, Chief Operations Officer of QuidelOrtho Corp, reports acquisition and disposition of common stock and restricted stock units on April 26, 2025.
Summary
- On April 26, 2025, Philip D. McLellan, Chief Operations Officer of QuidelOrtho Corp, reported transactions involving the company's stock.
- McLellan acquired 1,945 shares of common stock upon the release of restricted stock units.
- Simultaneously, McLellan disposed of 696 shares to cover tax withholding obligations related to the release of these restricted stock units at a price of $28.09 per share.
- Following these transactions, McLellan directly owns 10,237 shares of common stock.
- McLellan also holds 1,946 restricted stock units, representing the right to receive an equivalent number of common shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- Shareholders are informed about insider transactions, contributing to market transparency.
Key Dates
| Date | Description |
|---|---|
| 04/26/2025 | Date of stock transactions: acquisition of 1,945 shares and disposition of 696 shares. |
| 04/29/2025 | Date of report filing. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, QuidelOrtho Corp, McLellan, QDEL
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