AngioDynamics CFO equity award vests, shares withheld
AngioDynamics Inc EVP and CFO Stephen A. Trowbridge reported equity award activity related to performance share units granted on July 19, 2023.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| 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 |
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
Key Terms
tax withholding obligations financial
vesting and settlement financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award vested for AngioDynamics (ANGO) CFO Stephen A. Trowbridge?
Over what period were AngioDynamics (ANGO) performance metrics measured for this award?
Were the reported AngioDynamics (ANGO) transactions made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.