STAA.NASDAQStaar Surgical CO

Form 4: STAAR Surgical Officer Magda Michna Reports Stock Transaction

Sentiment:

SEC Form 4

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Magda Michna, Chief Clinical, Regulatory, of STAAR Surgical, reports disposition of 1,670 shares to cover tax obligations after RSU vesting.

Summary

  • On May 8, 2024, Magda Michna, Chief Clinical, Regulatory, of STAAR Surgical, reported a transaction involving the disposition of 1,670 shares of common stock to cover tax obligations.
  • This transaction occurred following the vesting of 4,682 shares from a restricted stock unit (RSU) award granted on May 8, 2023.
  • The RSUs vest in three annual installments.
  • Following the reported transaction, Michna beneficially owns 12,377 shares of STAAR Surgical common stock, including shares owned outright and shares subject to unvested RSUs.

Sentiment

Score: 5

Explanation: This is a routine transaction related to equity compensation, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to the vesting of previously granted equity compensation.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations related to vested RSUs.

Key Dates

DateDescription
05/08/2023Reporting person was granted an award of 14,047 restricted stock units (RSUs), subject to vesting as to 1/3 of the shares of common stock subject to such RSUs annually over three years.
05/08/2024RSUs vested as to 4,682 shares, and 1,670 shares were withheld to satisfy taxes.
05/09/2024Date of signature for the Form 4 filing.

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