Form 4: Tandem Diabetes Care EVP Leigh Vosseller Reports Stock Transactions
SEC Form 4
EVP and CFO of Tandem Diabetes Care, Leigh Vosseller, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to beneficial ownership of common stock.
Summary
- On August 15, 2024, Leigh Vosseller, EVP & CFO of Tandem Diabetes Care, engaged in transactions involving Tandem Diabetes Care Inc. common stock and restricted stock units (RSUs).
- Vosseller acquired shares through the vesting of RSUs and disposed of shares to cover tax withholding obligations.
- These transactions resulted in changes to Vosseller's direct and indirect beneficial ownership of Tandem Diabetes Care Inc. securities.
- Vosseller directly owns 20,207 shares of common stock after the reported transactions.
- Vosseller indirectly owns 11,860 shares of common stock through the Leigh A. Vosseller Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice among publicly traded companies, particularly in the technology and healthcare sectors.
- Tax withholding practices related to RSU vesting are also common and compliant with standard tax regulations.
- Comparable companies such as Insulet and Dexcom also utilize RSU grants as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in executive ownership, which is a normal part of company operations.
- Employees holding RSUs may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| January 17, 2010 | Date of the Leigh A. Vosseller Trust |
| May 18, 2021 | Date of RSU award pursuant to the 2013 Stock Incentive Plan |
| May 15, 2022 | First vesting date (25%) for RSU awarded on May 18, 2021 |
| May 25, 2022 | Date of RSU award pursuant to the 2013 Plan |
| May 15, 2023 | First vesting date (33%) for RSU awarded on May 25, 2022 |
| May 25, 2023 | Date of RSU award pursuant to the 2023 Long-Term Incentive Plan |
| May 15, 2024 | First vesting date (33%) for RSU awarded on May 25, 2023 |
| August 15, 2024 | Date of reported transactions: RSU vesting and tax withholding |
| August 19, 2024 | Date of Form 4 filing |
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