Form 4: Senseonics Director Edward Fiorentino Acquires Shares in Lieu of Retainer Fees

Director Edward Fiorentino acquired 35,687 shares of Senseonics Holdings, Inc. common stock in lieu of quarterly retainer fees.

Summary

• On July 1, 2024, Edward Fiorentino, a director of Senseonics Holdings, Inc., acquired 35,687 shares of common stock.
• The acquisition was made in lieu of quarterly retainer fees, as per the issuer's non-employee director compensation policy.
• The shares were valued at $0.3958 each, based on the closing price of Senseonics' common stock on the NYSE American on July 1, 2024.
• The total value of the shares received in lieu of fees is $14,125.
• Following the transaction, Fiorentino directly owns 1,111,035 shares of Senseonics common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is taking shares in lieu of cash, which is a positive sign of alignment with shareholders. The transaction itself is routine.

Positives

• The acquisition reflects the director's continued investment in the company.
• Using stock in lieu of cash retainer fees preserves cash for the company.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across various industries.
• Comparing Senseonics' director compensation policy with those of similar medical device companies would provide a benchmark.
• Companies like Dexcom and Abbott also utilize stock options and grants as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, as it aligns their interests with the company's performance.
• The company benefits from preserving cash by issuing stock instead of paying cash retainer fees.

Key Dates