Form 4: Tandem Diabetes Care Executive Rick Carpenter Reports Stock Transactions
SEC Form 4 Filing
Rick Carpenter, Chief Technology Officer of Tandem Diabetes Care, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.
Summary
- On September 16, 2024, Rick Carpenter, Chief Technology Officer of Tandem Diabetes Care, reported transactions involving the company's stock.
- Carpenter acquired 406 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
- Simultaneously, 145 shares were withheld by Tandem Diabetes Care to satisfy tax withholding requirements related to the RSU vesting at a price of $43.97.
- Following these transactions, Carpenter directly owns 12,804 shares of Tandem Diabetes Care common stock and 2,030 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of insider stock transactions, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation packages.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| December 15, 2021 | Date RSUs were awarded pursuant to the Tandem Diabetes Care, Inc. 2013 Stock Incentive Plan. |
| December 15, 2022 | Date when twenty-five percent (25%) of the total number of shares subject to the RSU vested. |
| September 16, 2024 | Date of the reported stock transactions: RSU vesting and tax withholding. |
| September 18, 2024 | Date of signature on the Form 4 filing. |
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