Form 4: Tandem Diabetes Care Executive Elizabeth Gasser Reports Stock Transactions
SEC Form 4
EVP and Chief Strategy Officer of Tandem Diabetes Care, Elizabeth Anne Gasser, reports the vesting of restricted stock units and related tax withholding.
Summary
- Elizabeth Anne Gasser, EVP and Chief Strategy Officer of Tandem Diabetes Care, filed a Form 4 detailing changes in beneficial ownership of the company's stock on February 18, 2025.
- The transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Gasser acquired shares through the vesting of RSUs granted under the company's 2013 and 2023 Stock Incentive Plans.
- A portion of the shares were then withheld by Tandem Diabetes Care to satisfy tax withholding requirements.
- Following these transactions, Gasser directly owns 3,868 shares of common stock and indirectly owns 11,749 shares through The Gasser Family Trust.
- She also holds derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions are part of normal executive compensation. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| September 1, 2011 | Date of The Gasser Family Trust |
| May 18, 2021 | Date RSUs were awarded pursuant to the 2013 Plan |
| May 15, 2022 | First vesting date (25%) of RSUs awarded on May 18, 2021 |
| May 25, 2022 | Date RSUs were awarded pursuant to the 2013 Plan |
| May 15, 2023 | First vesting date (33%) of RSUs awarded on May 25, 2022 |
| May 25, 2023 | Date RSUs were awarded pursuant to the 2023 Plan |
| May 15, 2024 | First vesting date (33%) of RSUs awarded on May 25, 2023 |
| February 18, 2025 | Date of reported transactions (RSU vesting and tax withholding) |
| February 20, 2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Tandem Diabetes Care, Stock Transactions, Elizabeth Gasser, RSU, TNDM
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