Form 4: Tandem Diabetes Care Executive Rick Carpenter Reports Stock Transactions
SEC Form 4
Rick Carpenter, Chief Technology Officer of Tandem Diabetes Care, reports the vesting and tax withholding of restricted stock units.
Summary
- Rick Carpenter, the Chief Technology Officer of Tandem Diabetes Care, filed a Form 4 detailing changes in his beneficial ownership of the company's stock on August 15, 2024.
- The transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Specifically, 596 shares vested from a 2022 award and 1,437 shares vested from a 2023 award.
- A portion of the vested shares were withheld by Tandem Diabetes Care to satisfy tax withholding requirements, with 213 shares withheld at a price of $43.82 per share related to the 2022 award and 513 shares withheld at the same price related to the 2023 award.
- Following these transactions, Carpenter directly owns 12,543 shares of Tandem Diabetes Care common stock and holds 11,847 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no indication of positive or negative sentiment.
Positives
- The vesting of RSUs indicates that Carpenter is meeting the conditions of his equity compensation plan.
- Carpenter continues to hold a significant number of shares and RSUs, aligning his interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They provide transparency into executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/25/2022 | Date of RSU award pursuant to the 2013 Stock Incentive Plan. |
| 05/15/2023 | First vesting date (33%) for RSU awarded on May 25, 2022. |
| 05/25/2023 | Date of RSU award pursuant to the 2023 Long-Term Incentive Plan. |
| 05/15/2024 | First vesting date (33%) for RSU awarded on May 25, 2023. |
| 08/15/2024 | Date of transactions reported in Form 4 (RSU vesting and tax withholding). |
| 08/19/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.