Form 4: Tandem Diabetes Care EVP Shannon Hansen Reports Stock Transactions
SEC Form 4
EVP & Chief Legal Officer of Tandem Diabetes Care, Shannon Marie Hansen, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Shannon Marie Hansen, EVP & Chief Legal Officer of Tandem Diabetes Care, filed a Form 4 detailing changes in beneficial ownership.
- On August 15, 2024, Hansen acquired 531 shares of common stock and disposed of 190 shares to satisfy tax withholding requirements at a price of $43.82.
- Also on August 15, 2024, Hansen acquired 1,437 shares of common stock and disposed of 513 shares to satisfy tax withholding requirements at a price of $43.82.
- Following these transactions, Hansen directly owns 9,678 shares of common stock and indirectly owns 1,935 shares through the Shannon M. Hansen Trust dated July 8, 2003.
- Hansen also reports ownership of 3,184 and 10,060 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| July 8, 2003 | Date of the Shannon M. Hansen Trust |
| February 15, 2022 | Date of RSU award pursuant to the 2013 Stock Incentive Plan |
| February 15, 2023 | First vesting date (25%) of RSU awarded on February 15, 2022 |
| May 25, 2023 | Date of RSU award pursuant to the 2023 Long-Term Incentive Plan |
| May 15, 2024 | First vesting date (33%) of RSU awarded on May 25, 2023 |
| August 15, 2024 | Date of reported stock transactions |
| August 19, 2024 | Date of Form 4 signature |
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