Form 4: Repligen Corp COO Bylund Reports Stock Transactions
SEC Form 4
Chief Operating Officer James Bylund reports acquisition of 404 shares via performance stock units and disposal of 820 shares to cover tax obligations.
Summary
- On February 29, 2024, James Bylund, Chief Operating Officer of Repligen Corp, acquired 404 shares of common stock through a Performance Stock Unit (PSU) award.
- The shares were issued based on the company's achievement of pre-established performance criteria.
- On March 1, 2024, Bylund disposed of 820 shares of common stock at a price of $191.79 to satisfy tax withholding obligations related to the release of restricted stock units.
- Following these transactions, Bylund directly owns 22,410 shares of Repligen Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine stock transactions by a company executive.
Positives
- The acquisition of shares via PSU indicates the company achieved pre-established performance criteria.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 24, 2021 | Date of the Performance Stock Unit ('PSU') award granted to the Issuer. |
| February 29, 2024 | Date of common stock acquisition (404 shares) via PSU. |
| March 1, 2024 | Date of common stock disposal (820 shares) for tax obligations. |
| March 4, 2024 | Date of signature for the report. |
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