Form 4: Surmodics CFO Sells Shares to Cover Tax Obligations

Surmodics' Chief Financial Officer, Timothy J. Arens, sold 1,786 shares of common stock to cover tax obligations.

Summary

• Timothy J. Arens, the Chief Financial Officer of Surmodics Inc., sold 1,786 shares of the company's common stock on November 30, 2024.
• The sale was executed at a price of $39.45 per share.
• This transaction was done to cover tax obligations related to stock awards.
• Following the transaction, Mr. Arens directly owns 68,564 shares of Surmodics common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It is common for executives to sell shares to cover these obligations.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The volume of shares sold is relatively small compared to the total shares held by the CFO, suggesting this is a routine transaction rather than a significant divestment.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Surmodics, SRDX, CFO, Timothy J. Arens, stock sale, insider trading, Form 4, tax obligations