Form 4: Surmodics Executive Sells Shares to Cover Tax Obligations

A Surmodics executive, Joseph J. Stich, sold 1,034 shares of common stock to cover tax obligations.

Summary

• Joseph J. Stich, a Senior Vice President at Surmodics, sold 1,034 shares of the company's common stock on December 4, 2024.
• The sale was executed at a price of $39.91 per share.
• This transaction was done to cover tax obligations related to stock awards.
• Following the transaction, Mr. Stich directly owns 61,631 shares of Surmodics common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. It is a standard SEC filing for insider stock sales.

Industry Context

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

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly around vesting periods.
• The sale of 1,034 shares is relatively small compared to the total shares owned by the executive, which is 61,631 shares.
• Similar transactions are regularly reported by executives at comparable companies in the medical device and life sciences industries.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is generally not considered a significant event.

Key Dates

Keywords

Surmodics, SRDX, stock sale, insider trading, executive, Joseph J. Stich, Form 4, SEC filing