Form 4: Stryker Corp CEO Kevin Lobo Reports Stock Transactions
SEC Form 4 Filing
Kevin Lobo, Chair and CEO of Stryker Corp, reports the vesting and settlement of performance stock units and associated dividend equivalents.
Summary
- On March 21, 2025, Kevin Lobo, the Chair and CEO of Stryker Corp, reported transactions related to Stryker common stock.
- These transactions include the vesting of performance stock units and associated dividend equivalents.
- Specifically, 1,085 shares were acquired due to dividend equivalents issued in connection with performance stock units that vested on March 21, 2025.
- Additionally, 23,321 shares were disposed of at a price of $374.22.
- Following these transactions, Lobo directly owns 122,304 shares of Stryker common stock and indirectly owns 696 shares through a 401K.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Stryker.
- Similar filings are made by executives at comparable companies such as Medtronic, Johnson & Johnson, and Zimmer Biomet to disclose changes in their beneficial ownership of company stock.
- These filings are mandated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It assures stakeholders that executive compensation is aligned with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Reporting Person filed a Form 4 reporting the acquisition of 44,507 shares of Stryker Common Stock earned upon the satisfaction of certain performance criteria, subject to vesting on March 21, 2025 |
| 03/21/2025 | Date of earliest transaction: vesting of performance stock units and associated dividend equivalents; disposal of shares. |
| 03/25/2025 | Date of signature on the report. |
Keywords
Stryker, Kevin Lobo, Stock, Form 4, Dividend Equivalents, Performance Stock Units, Beneficial Ownership
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