Form 4: Stryker Corp Executive Robert S Fletcher Reports Stock Transactions
SEC Form 4 Filing
Robert S Fletcher, VP and Chief Legal Officer of Stryker Corp, 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, Robert S Fletcher, VP and Chief Legal Officer of Stryker Corp, reported transactions involving Stryker common stock.
- These transactions included the vesting and settlement of 120 performance stock units, representing dividend equivalents, into an equal number of shares of Stryker Common Stock.
- Fletcher also disposed of 2,240 shares to satisfy tax withholding obligations at a price of $353.19 per share.
- Following these transactions, Fletcher directly owns 10,903 shares of Stryker common stock and indirectly owns 117 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock management.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Form 4 filed reporting acquisition of 5,035 shares of Stryker Common Stock earned upon satisfaction of certain performance criteria, subject to vesting on March 21, 2024. |
| 03/21/2024 | Date of earliest transaction: Vesting and settlement of performance stock units and disposition of shares for tax obligations. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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