Form 4: Surmodics Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gordon S. Weber, a Senior Vice President at Surmodics Inc., sold 668 shares of common stock to cover tax obligations.
Summary
- Gordon S. Weber, a Senior Vice President at Surmodics Inc., sold 668 shares of the company's common stock on December 4, 2024.
- The sale was executed at a price of $39.91 per share.
- Following the transaction, Mr. Weber directly owns 21,040 shares of Surmodics Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction, not indicative of positive or negative sentiment.
Industry Context
This is a routine transaction for an executive to cover tax obligations related to stock awards. It is common for executives to sell shares periodically.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies.
- These transactions are typically disclosed through SEC Form 4 filings.
- The sale of 668 shares is not unusual for an executive at this level.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction by an executive.
Key Dates
| Date | Description |
|---|---|
| 12/04/2024 | Date of the stock sale transaction. |
| 12/06/2024 | Date the Form 4 was signed. |
Keywords
Surmodics Inc, SRDX, insider trading, stock sale, executive, Gordon S. Weber, Form 4
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