Artivion (AORT) CEO logs tax-driven sales and 97K-share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ARTIVION, INC. President & CEO James P. Mackin reported both automatic tax-related sales and an equity award of common stock. On February 23–24, he sold a total of 34,898 shares at prices around $35.69–$37.59 in pre-arranged “sell to cover” transactions to pay tax withholding on vesting performance and restricted stock units, which the company notes were not discretionary trades. On February 24, he also received a grant of 97,030 shares of restricted stock at no purchase price, vesting 33 1/3% per year starting on the first anniversary of the grant under the Equity and Cash Incentive Plan. Following these transactions, Mackin directly holds 863,125 shares of Artivion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 34,898 shares ($1,285,337)
Net Sell
3 txns
Insider
Mackin James P
Role
President & CEO
Sold
34,898 shs ($1.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13,936 | $35.693 | $497K |
| Grant/Award | Common Stock | 97,030 | $0.00 | -- |
| Sale | Common Stock | 20,962 | $37.588 | $788K |
Holdings After Transaction:
Common Stock — 766,095 shares (Direct)
Footnotes (1)
- These shares were sold upon the vesting of performance stock units to pay tax withholding obligations. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction. These shares were sold upon the vesting of restricted stock units to pay tax withholding obligations. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction. Represents shares of restricted stock that vest 33 1/3% per year beginning on the first anniversary of the grant date, pursuant to the terms of the Equity and Cash Incentive Plan.
FAQ
What insider transactions did Artivion (AORT) CEO James P. Mackin report?
James P. Mackin reported automatic tax-related sales and a stock grant. He sold 34,898 common shares in sell-to-cover transactions and received a grant of 97,030 restricted shares that vest over three years under Artivion’s Equity and Cash Incentive Plan.
What stock award did the Artivion (AORT) CEO receive in this Form 4?
Mackin received a grant of 97,030 shares of restricted Artivion common stock at no purchase price. The award vests in three equal annual installments of 33 1/3% each year, beginning on the first anniversary of the grant date, under the Equity and Cash Incentive Plan.