Form 4: QuidelOrtho Director Kenneth J. Widder Reports Stock Unit Release

Director Kenneth J. Widder reports the release of restricted stock units, resulting in adjustments to his beneficial ownership of QuidelOrtho Corp stock.

Summary

• On May 12, 2024, Kenneth J. Widder, a director of QuidelOrtho Corp, reported the release of 328 and 98 restricted stock units.
• These releases were executed under QuidelOrtho's deferred compensation program for non-employee directors.
• The transactions resulted in Widder's beneficial ownership increasing to 22,625 and 22,723 shares of common stock, respectively.
• The restricted stock units were converted into common stock at a price of $0.
• Phillip S. Askim, attorney-in-fact, signed the report on May 14, 2024.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but the execution of deferred compensation plans is generally viewed neutrally to slightly positively as it aligns director interests with shareholders.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The release of restricted stock units has a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates