Form 4: Tandem Diabetes Care CEO John F. Sheridan Reports Stock Transactions
SEC Form 4 Filing
John F. Sheridan, President & CEO of Tandem Diabetes Care, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 27, 2024, John F. Sheridan, the President & CEO of Tandem Diabetes Care Inc., reported transactions involving the company's common stock.
- Sheridan acquired 819 shares of common stock through the vesting of restricted stock units (RSUs).
- 293 shares were withheld by Tandem Diabetes Care, Inc. to satisfy tax withholding requirements on the vesting of restricted stock units (RSU) at a price of $27.34.
- Following these transactions, Sheridan directly owns 29,888 shares of Tandem Diabetes Care common stock.
- The RSUs were awarded on May 27, 2020, under the company's 2013 Stock Incentive Plan and vest over time.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard reporting of stock transactions related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| May 27, 2020 | Date the Restricted Stock Units (RSUs) were awarded under the 2013 Stock Incentive Plan. |
| May 27, 2021 | Date when twenty-five percent (25%) of the total number of shares subject to the RSU vested. |
| February 27, 2024 | Date of the reported stock transactions: vesting of RSUs and tax withholding. |
| February 29, 2024 | Date of signature on the Form 4 filing. |
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