Form 4: Stryker CFO Glenn Boehnlein Exercises Stock Options and Sells Shares
SEC Form 4
Glenn Boehnlein, CFO of Stryker Corp, exercised stock options and sold shares on July 2, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 2, 2024, Glenn S. Boehnlein, the VP and Chief Financial Officer of Stryker Corp, exercised employee stock options to acquire 25,000 shares of common stock at a price of $122.51 per share.
- Following the exercise of these options, Boehnlein disposed of 17,160 shares of common stock at a price of $336.50 per share.
- After these transactions, Boehnlein directly owns 22,852 shares of Stryker common stock and indirectly owns 1,544 shares through a 401K.
- He also directly owns 15,815 derivative securities in the form of employee stock options.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a personal financial decision by an executive.
Key Dates
| Date | Description |
|---|---|
| 2/8/2017 | Date of grant for employee stock option, exercisable as to 20% on each of the first five anniversaries of the date of grant. |
| 07/02/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 02/07/2027 | Expiration date of employee stock option. |
| 07/03/2024 | Date of signature on the SEC filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.