Form 4: QuidelOrtho SVP, Chief Information Officer, Louise Brandy, Reports Stock Transactions

Louise Brandy, SVP, Chief Information Officer of QuidelOrtho Corp, reports the release of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of common stock.

Summary

• On April 26, 2024, Louise Brandy, SVP, Chief Information Officer of QuidelOrtho Corp, had restricted stock units released, resulting in the acquisition of 1,459 shares of common stock.
• Simultaneously, 538 shares were disposed of to cover tax withholding obligations at a price of $39.64 per share.
• Following these transactions, Brandy's direct ownership of common stock is 2,154 shares, and she holds 2,918 restricted stock units.
• The restricted stock units vest in three tranches: 1,459 shares vested on April 26, 2024, with subsequent vestings of 1,459 shares on April 26, 2025, and April 26, 2026.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

Future vesting of restricted stock units will occur on April 26, 2025, and April 26, 2026, potentially leading to further stock transactions.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for executives to receive and manage equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates