AngioDynamics Inc (ANGO) CFO performance shares vest, tax withheld
Rhea-AI Filing Summary
AngioDynamics Inc EVP and CFO Stephen A. Trowbridge reported equity award activity related to performance share units granted on July 19, 2023. Based on performance metrics and relative total shareholder return, 16,296 shares of Common Stock vested and were issued from a 57,381-unit target grant, with the remaining units forfeited. To satisfy related tax withholding obligations, 8,319 shares were withheld at $13.82 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,977 shares
Net Buy
3 txns
Insider
Trowbridge Stephen A
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Right F3 | 57,381 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 16,296 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 8,319 | $13.82 | $115K |
Holdings After Transaction:
Performance Right — 0 shares (Direct);
Common Stock — 305,796 shares (Direct)
Footnotes (3)
- F1. This acquisition of 16,296 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 8,319 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 57,381 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, 16,296 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 grant: 57,381 units
Common Stock issued from PSUs: 16,296 shares
Shares withheld for taxes: 8,319 shares
+2 more
5 metrics
Performance share units target grant
57,381 units
Target performance share units granted on July 19, 2023
Common Stock issued from PSUs
16,296 shares
Shares of Common Stock issued to the reporting person under this grant
Shares withheld for taxes
8,319 shares
Shares of Common Stock withheld to satisfy tax withholding obligations on vesting
Tax withholding price
$13.82 per share
Price used for tax-withholding disposition of 8,319 shares of Common Stock
Performance earnout range
0%–200% of target
Range of performance share units that could be earned based on metrics
Key Terms
performance share units, total shareholder return, tax withholding obligations, vesting and settlement
4 terms
tax withholding obligations financial
"made to satisfy tax withholding obligations in connection with the pre-determined vesting"
vesting and settlement financial
"shares acquired through the vesting and settlement of performance share units granted"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award vested for AngioDynamics (ANGO) CFO Stephen A. Trowbridge?
Stephen A. Trowbridge received 16,296 shares of AngioDynamics Common Stock through the vesting and settlement of performance share units granted on July 19, 2023. These shares were earned based on specified performance metrics and relative total shareholder return over a multi‑year period.
Over what period were AngioDynamics (ANGO) performance metrics measured for this award?
The award’s performance share units were earned based on metrics for fiscal years 2024, 2025 and 2026. In addition, up to 20% of total shares earned could be adjusted based on total shareholder return relative to a peer group over a three‑year performance period.
Were the reported AngioDynamics (ANGO) transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5‑1 checkbox is not marked as affirmative, so these transactions are not affirmatively characterized as made under a Rule 10b5‑1 trading plan. The footnotes describe vesting, performance measurement and tax withholding, but do not reference any such plan.