Form 4: SI-BONE CFO Anshul Maheshwari Receives Stock Units
SEC Form 4
Anshul Maheshwari, CFO of SI-BONE, Inc., reports the acquisition of common stock through the settlement of restricted stock units.
Summary
- Anshul Maheshwari, the Chief Financial Officer of SI-BONE, Inc., filed a Form 4 on February 5, 2025, reporting transactions related to the acquisition of common stock.
- The transactions involve the receipt of shares through the settlement of restricted stock units (RSUs).
- On February 3, 2025, Maheshwari acquired 71,599 shares of common stock related to RSUs that vest over four years beginning February 15, 2025, in quarterly installments.
- Additionally, Maheshwari acquired 23,866 shares of common stock related to RSUs that vest over three years based on the Issuer's total shareholder return (TSR) as measured against the TSR of the company at the median of the range TSRs of a set of peer companies established by the Issuer as set forth in the grant.
- Following these transactions, Maheshwari beneficially owns 284,784 shares of SI-BONE, Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.
Positives
- The acquisition of shares through RSUs aligns the executive's interests with those of the shareholders.
- The vesting schedule of the RSUs encourages long-term commitment from the CFO.
Future Outlook
The vesting of the restricted stock units is contingent upon continued service and, in some cases, the company's total shareholder return (TSR).
Industry Context
Form 4 filings are a routine part of executive compensation and are common in publicly traded companies.
Stakeholder Impact
- The granting of RSUs to the CFO aligns his interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| April 19, 2021 | Date of Power of Attorney execution. |
| February 3, 2025 | Date of common stock acquisition through RSU settlement. |
| February 5, 2025 | Date of Form 4 filing. |
| February 15, 2025 | Start date for the four-year vesting period of some of the restricted stock units. |
Keywords
SI-BONE, Anshul Maheshwari, CFO, Form 4, restricted stock units, RSU, beneficial ownership, common stock, TSR
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