Form 4: Thermo Fisher Scientific Executive Vice President Michel Lagarde Reports Stock Option Exercise and Share Sale
SEC Form 4
Michel Lagarde, Executive Vice President & COO of Thermo Fisher Scientific, exercised stock options and sold 20,000 shares of common stock on May 14, 2024.
Summary
- On May 14, 2024, Michel Lagarde, Executive Vice President & COO of Thermo Fisher Scientific, exercised stock options to acquire 20,000 shares of common stock at a price of $105.17 per share.
- Simultaneously, Lagarde sold 20,000 shares of common stock at a weighted average price of $590.05, with individual sales ranging from $590.00 to $590.28.
- Following these transactions, Lagarde directly owns 18,134.235 shares of Thermo Fisher Scientific common stock and 122,637 stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reflecting routine executive stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
- The transaction provides insight into executive compensation and wealth management strategies.
Key Dates
| Date | Description |
|---|---|
| August 29, 2017 | First equal installment vesting date for the stock option. |
| August 29, 2020 | Second equal installment vesting date for the stock option. |
| July 20, 2026 | Expiration date of the stock option. |
| 05/14/2024 | Date of stock option exercise and share sale. |
| 05/15/2024 | Date of Form 4 filing. |
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