Artivion (AORT) CCO executes 2,784-share sell-to-cover tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ARTIVION, INC. Chief Commercial Officer John E. Davis reported an open-market sale of 2,784 shares of common stock. The shares were sold at an average price of $38.0249 per share in connection with the vesting of restricted stock units to cover tax withholding obligations.
After this sell-to-cover, Davis directly holds 206,522 shares of Artivion common stock. The filing states that this transaction was not discretionary and was executed solely to satisfy required tax withholding on equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,784 shares ($105,861)
Net Sell
1 txn
Insider
Davis John E
Role
Chief Commercial Officer
Sold
2,784 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,784 | $38.0249 | $106K |
Holdings After Transaction:
Common Stock — 206,522 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ARTIVION (AORT) report for John E. Davis?
John E. Davis sold 2,784 Artivion shares. The Chief Commercial Officer executed an open-market sale tied to restricted stock unit vesting, using a sell-to-cover transaction to fund tax withholding obligations rather than a discretionary share sale.
Was the ARTIVION (AORT) insider sale by John E. Davis discretionary?
No, the filing states the sale was not discretionary. The footnote explains the 2,784-share transaction was executed solely to pay tax withholding obligations upon restricted stock unit vesting through a sell-to-cover arrangement.
What is the purpose of the sell-to-cover transaction reported by ARTIVION (AORT)?
The sell-to-cover was used to fund tax withholding. When restricted stock units vested, shares were automatically sold to satisfy required tax obligations, allowing the insider to cover taxes without making a separate cash payment.