Form 4: QuidelOrtho SVP, General Counsel Michelle Hodges Reports Stock Transactions
SEC Form 4 Filing
Michelle Hodges, SVP and General Counsel of QuidelOrtho Corp, reports the release of restricted stock units and disposition of shares to cover tax obligations on March 28, 2024.
Summary
- On March 28, 2024, Michelle Hodges, SVP and General Counsel of QuidelOrtho Corp, reported transactions involving the company's common stock.
- Hodges acquired 2,462 shares of common stock upon the release of restricted stock units.
- Simultaneously, 879 shares were disposed of to satisfy tax withholding obligations related to the release of these restricted stock units at a price of $47.94 per share.
- Following these transactions, Hodges directly owns 13,441 shares of QuidelOrtho Corp common stock and 4,926 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions related to executive compensation, with no indication of positive or negative sentiment.
Future Outlook
The remaining 4,926 restricted stock units will vest in equal installments on March 28, 2025, and March 28, 2026.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, providing transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transactions: release of restricted stock units and disposition of shares for tax obligations. |
| 03/28/2025 | Next vesting date for remaining restricted stock units. |
| 03/28/2026 | Final vesting date for remaining restricted stock units. |
| 04/01/2024 | Date of Form 4 filing. |
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