Form 4: Vericel Corp CEO Dominick Colangelo Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Dominick Colangelo, President and CEO of Vericel Corp, reports the acquisition and disposal of company stock following the vesting of restricted stock units.
Summary
- On February 24, 2025, Dominick Colangelo, the President and CEO of Vericel Corp, acquired 18,250 shares of common stock due to the vesting of Restricted Stock Units (RSUs).
- The RSUs were granted on February 22, 2024, and the remaining RSUs will vest in annual installments on February 22, 2026, February 22, 2027, and February 22, 2028.
- On the same day, Colangelo disposed of 8,459 shares to satisfy tax withholding requirements related to the RSU vesting at a price of $52.33 per share.
- Following these transactions, Colangelo directly owns 259,997 shares of Vericel Corp common stock.
- These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Future Outlook
The remaining RSUs will vest in annual installments on February 22, 2026, February 22, 2027, and February 22, 2028.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to investors regarding management's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date the Restricted Stock Units (RSUs) were granted to the Reporting Person |
| February 24, 2025 | Date of the reported transactions: RSU vesting and stock disposal for tax withholding |
| February 22, 2026 | Next vesting date for remaining Restricted Stock Units (RSUs) |
| February 22, 2027 | Next vesting date for remaining Restricted Stock Units (RSUs) |
| February 22, 2028 | Next vesting date for remaining Restricted Stock Units (RSUs) |
| February 26, 2025 | Date of signature for the SEC Form 4 filing |
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