Form 4: Stryker Corp CFO Glenn Boehnlein Reports Acquisition of Shares Due to Performance Goals

Glenn Boehnlein, CFO of Stryker Corp, reports acquiring 10,702 shares of common stock due to the achievement of pre-established performance goals, while also reporting a decrease of 1,518 shares held indirectly through a 401K.

Summary

• Glenn S. Boehnlein, the VP and Chief Financial Officer of Stryker Corp, filed a Form 4 on March 13, 2024.
• The report details changes in his beneficial ownership of Stryker's common stock.
• On March 11, 2024, Boehnlein acquired 10,702 shares of common stock.
• These shares were acquired upon the achievement of pre-established three-year adjusted diluted net earnings per share goals and sales performance goals.
• The acquired shares vest on March 21, 2024.
• Boehnlein also reported a decrease of 1,518 shares held indirectly through a 401K.
• Following these transactions, Boehnlein directly owns 30,896 shares of Stryker common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects the achievement of performance goals, leading to the acquisition of shares by the CFO. The decrease in 401k holdings is a minor negative.

Positives

• The acquisition of shares indicates that Stryker Corp met its pre-established three-year adjusted diluted net earnings per share and sales performance goals.

Negatives

• The decrease of 1,518 shares held indirectly through a 401K may be seen as a negative.

Future Outlook

NA

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance.

Stakeholder Impact

• Shareholders may view the achievement of performance goals positively.
• Employees may be motivated by the company's success in meeting its targets.

Key Dates