AngioDynamics (NASDAQ: ANGO) executive settles 20,052 performance units
Rhea-AI Filing Summary
Warren Nighan Jr., SVP Quality and Regulatory at AngioDynamics, had a 2023 performance share unit grant settle. A target award of 20,052 performance share units led to the issuance of 5,694 shares of common stock based on performance, with the remaining units forfeited. Of the shares issued, 1,671 were withheld at $13.82 per share to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,023 shares
Net Buy
3 txns
Insider
Nighan Warren JR
Role
SVP Quality and Regulatory
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Right F3 | 20,052 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,694 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,671 | $13.82 | $23K |
Holdings After Transaction:
Performance Right — 0 shares (Direct);
Common Stock — 88,115 shares (Direct)
Footnotes (3)
- F1. This acquisition of 5,694 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 1,671 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 20,052 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, 5,694 shares of Common Stock were issued to the reporting person under this grant and the remaining shares were forfeited.
Key Figures
Performance share units granted: 20,052 units
Shares issued from PSUs: 5,694 shares
Shares withheld for taxes: 1,671 shares
+4 more
7 metrics
Performance share units granted
20,052 units
Target grant received on July 19, 2023
Shares issued from PSUs
5,694 shares
Common stock issued upon vesting and settlement of 2023 performance share units
Shares withheld for taxes
1,671 shares
Common stock withheld to satisfy tax withholding obligations on vesting
Tax withholding price
$13.82 per share
Price used to value shares withheld for tax obligations
Performance measurement period
2024, 2025, 2026
Fiscal years used to determine performance for the 2023 performance share unit grant
Earnout range
0% to 200% of target
Range of performance share units that could be earned based on performance metrics
TSR-based adjustment
20%
Portion of earned shares subject to adjustment based on relative total shareholder return
Key Terms
performance share units, tax withholding obligations, total shareholder return, peer group of companies
4 terms
tax withholding obligations financial
"disposition of 1,671 shares of Common Stock was made to satisfy tax withholding obligations"
peer group of companies financial
"total shareholder return relative to a peer group of companies over a three-year"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did AngioDynamics (ANGO) report for Warren Nighan Jr.?
Warren Nighan Jr. reported settlement of a 2023 performance share unit grant. The award produced 5,694 common shares, while the rest of the 20,052 target units were forfeited, and some shares were withheld to cover taxes.