Artivion (AORT) EVP Lance Berry records tax sales and 37,482-share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Artivion, Inc. executive Lance A. Berry reported routine equity compensation activity. On February 23 and 24, he sold 4,981 and 4,485 shares of common stock at $37.588 and $35.693 per share, respectively, to cover tax withholding triggered by vesting of performance and restricted stock units, which the company notes were non-discretionary “sell to cover” transactions.
On February 24, he also acquired a grant of 37,482 shares of restricted stock at no cost, which vest in equal thirds annually starting on the first anniversary of the grant date under the Equity and Cash Incentive Plan. Following these transactions, his directly held common stock increased to 181,447 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,466 shares ($347,309)
Net Sell
3 txns
Insider
Berry Lance A
Role
EVP, COO, CFO & Treasurer
Sold
9,466 shs ($347K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,485 | $35.693 | $160K |
| Grant/Award | Common Stock | 37,482 | $0.00 | -- |
| Sale | Common Stock | 4,981 | $37.588 | $187K |
Holdings After Transaction:
Common Stock — 143,965 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 did Artivion (AORT) executive Lance A. Berry report in this Form 4?
Lance A. Berry reported tax-related sales and a new stock grant. He sold shares to cover withholding from vesting awards and received 37,482 restricted shares that vest over three years under Artivion’s Equity and Cash Incentive Plan.
What stock award did Lance A. Berry receive from Artivion (AORT)?
He received 37,482 shares of restricted stock at $0.00 per share. These restricted shares vest in three equal installments of 33 1/3% annually, beginning on the first anniversary of the grant date, under Artivion’s Equity and Cash Incentive Plan.
Were Lance A. Berry’s Artivion (AORT) stock sales discretionary trades?
No, the filing explains the sales were to pay tax withholding obligations. Both transactions were structured as automatic “sell to cover” sales upon vesting of performance and restricted stock units, and are described as not representing discretionary transactions.