Artivion (AORT) CFO Lance Berry sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Artivion, Inc. executive Lance A. Berry reported a tax-related share sale. On this Form 4, the EVP, COO, CFO & Treasurer sold 5,178 shares of common stock at an average price of $38.0249 per share in connection with the vesting of restricted stock units.
The filing explains that the shares were sold solely to satisfy tax withholding obligations through a “sell to cover” arrangement and is described as a non-discretionary transaction rather than an elective open-market sale. After this transaction, Berry directly holds 176,269 shares of Artivion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,178 shares ($196,893)
Net Sell
1 txn
Insider
Berry Lance A
Role
EVP, COO, CFO & Treasurer
Sold
5,178 shs ($197K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,178 | $38.0249 | $197K |
Holdings After Transaction:
Common Stock — 176,269 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Artivion (AORT) report for Lance A. Berry?
Artivion reported that Lance A. Berry completed a tax-related sale of 5,178 shares of common stock. The transaction occurred in connection with restricted stock unit vesting and was executed under a non-discretionary “sell to cover” arrangement to satisfy withholding obligations.
Was Lance A. Berry’s Artivion (AORT) stock sale a discretionary trade?
The filing states the sale was not a discretionary trade by Lance A. Berry. It notes the 5,178 shares were sold upon RSU vesting strictly to satisfy tax withholding obligations through a predetermined “sell to cover” mechanism.
What role does Lance A. Berry hold at Artivion (AORT) in this Form 4?
In this Form 4, Lance A. Berry is identified as Artivion’s Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Treasurer. The reported transaction involves his directly held common stock related to restricted stock unit vesting.
What type of security was involved in the Artivion (AORT) insider transaction?
The transaction involved Artivion common stock, classified as a non-derivative security. The 5,178 shares sold were tied to the vesting of restricted stock units, with the sale executed to cover associated tax withholding obligations.