Form 4: Stryker Corp Executive James Andrew Pierce Reports Stock Transactions
SEC Form 4 Filing
Group President James Andrew Pierce reports the vesting and settlement of performance stock units and associated dividend equivalents, along with a disposition of shares to cover tax obligations.
Summary
- On March 21, 2024, James Andrew Pierce, Group President of Stryker Corp, reported transactions involving Stryker common stock.
- These transactions include the vesting and settlement of 203 shares representing dividend equivalents related to previously reported performance stock units.
- Pierce also disposed of 4,412 shares to satisfy tax withholding obligations at a price of $353.19 per share.
- Following these transactions, Pierce directly owns 56,252 shares of Stryker common stock.
- Pierce also indirectly owns 508 shares via Son GP, 508 shares via Son AP and 1,524 shares via 401K.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the actions of company executives and their potential impact on the stock's performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Reporting Person filed a Form 4 reporting the acquisition of 8,499 shares of Stryker Common Stock earned upon the satisfaction of certain performance criteria, subject to vesting on March 21, 2024 |
| 03/21/2024 | Date of transaction: Vesting and settlement of performance stock units and associated dividend equivalents; disposition of shares for tax obligations. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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