AngioDynamics (NASDAQ: ANGO) CEO settles performance share grant
Rhea-AI Filing Summary
AngioDynamics Inc. President and CEO James C. Clemmer reported the vesting and settlement of a performance share grant on July 22, 2026. A 2023 target grant of 184,361 performance share units was settled based on multi-year performance, resulting in issuance of 52,358 shares of Common Stock and forfeiture of the remaining units. Of the issued shares, 26,728 were disposed of at $13.8200 per share to satisfy tax withholding obligations, with the balance retained as directly owned common stock.
Positive
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Insider Trade Summary
Net Buyer: 25,630 shares
Net Buy
3 txns
Insider
Clemmer James C
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Right F3 | 184,361 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 52,358 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 26,728 | $13.82 | $369K |
Holdings After Transaction:
Performance Right — 0 shares (Direct);
Common Stock — 862,448 shares (Direct)
Footnotes (3)
- F1. This acquisition of 52,358 shares of Common Stock ("Common Stock") of AngioDynamics, Inc. ("AngioDynamics") represents shares acquired through the vesting and settlement of performance share units granted to the reporting person on July 19, 2023.
- F2. The exempt disposition of 26,728 shares of Common Stock of AngioDynamics was made to satisfy tax withholding obligations in connection with the pre-determined vesting of shares underlying performance share units granted to the reporting person on July 19, 2023.
- F3. On July 19, 2023, the reporting person received a target grant of 184,361 performance share units. Between 0% and 200% of the target number was to be earned based on achievement of pre-determined performance metrics for fiscal years 2024, 2025 and 2026 as determined by the compensation committee. In addition, 20% of the total shares earned could be awarded (or cancelled) based on total shareholder return relative to a peer group of companies over a three-year performance period in accordance with performance metrics. Based on performance over the period, 52,358 shares of Common Stock were issued to the reporting person under this grant and the remaining shares were forfeited.
Key Figures
Performance share units target: 184,361 units
Shares issued from grant: 52,358 shares
Shares withheld for taxes: 26,728 shares
+3 more
6 metrics
Performance share units target
184,361 units
Target grant received on July 19, 2023 tied to fiscal 2024–2026 metrics
Shares issued from grant
52,358 shares
Common Stock issued to the CEO upon settlement of the performance share unit award
Shares withheld for taxes
26,728 shares
Common Stock disposed of to satisfy tax withholding obligations on vesting
Tax withholding price
$13.8200 per share
Price per share used for the 26,728-share tax-withholding disposition
Maximum earnout range
0% to 200%
Range of performance share units earnable based on fiscal 2024–2026 metrics
TSR adjustment portion
20% of total shares earned
Portion of earned shares adjustable based on relative total shareholder return
Key Terms
performance share units, tax withholding obligations, total shareholder return, three-year performance period
4 terms
tax withholding obligations financial
"was made to satisfy tax withholding obligations in connection with the pre-determined vesting"
three-year performance period financial
"over a three-year performance period in accordance with performance metrics"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did AngioDynamics (ANGO) CEO James C. Clemmer report?
James C. Clemmer reported vesting of a performance share grant that issued 52,358 shares of Common Stock. The shares came from a 2023 award of 184,361 performance share units, with only the earned portion converting into stock and the remainder forfeited.
Over what period were ANGO’s performance metrics measured for this CEO award?
The performance share units referenced were tied to fiscal years 2024, 2025 and 2026. The award’s payout depended on achieving pre-determined performance metrics for these years, plus a three-year relative total shareholder return modifier affecting up to 20% of shares earned.