Artivion EVP logs tax sales, new stock grant
Artivion, Inc. executive Lance A. Berry reported routine equity compensation activity.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,485 | $35.693 | $160K |
| Grant/Award | Common Stock | 37,482 | $0.00 | $0.00 |
| Sale | Common Stock | 4,981 | $37.588 | $187K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What did Artivion (AORT) executive Lance A. Berry report in this Form 4?
What stock award did Lance A. Berry receive from Artivion (AORT)?
Were Lance A. Berry’s Artivion (AORT) stock sales discretionary trades?
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