Artivion (AORT) CCO gets stock grant and sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Artivion, Inc.’s Chief Commercial Officer John E. Davis reported a mix of stock compensation activity and related tax sales. He received a grant of 20,438 shares of restricted stock, which vest in equal thirds each year starting on the first anniversary of the grant date.
To cover tax withholding from vesting performance and restricted stock units, 5,848 shares were automatically sold in open-market transactions at prices of about $35.69 and $37.59 per share, described as non-discretionary “sell to cover” sales. After these transactions, Davis directly owns 209,306 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,848 shares ($215,882)
Net Sell
3 txns
Insider
Davis John E
Role
Chief Commercial Officer
Sold
5,848 shs ($216K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,075 | $35.693 | $74K |
| Grant/Award | Common Stock | 20,438 | $0.00 | -- |
| Sale | Common Stock | 3,773 | $37.588 | $142K |
Holdings After Transaction:
Common Stock — 188,868 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 John E. Davis report on this Form 4?
John E. Davis reported routine equity compensation activity, including a grant of 20,438 restricted shares and automatic “sell to cover” stock sales for tax withholding. These transactions adjust his direct holdings without indicating a discretionary change in his investment stance.
What equity award did John E. Davis receive from Artivion (AORT)?
He received 20,438 shares of restricted stock with an exercise price of $0.00. According to the disclosure, these shares vest 33 1/3% per year beginning on the first anniversary of the grant date, under Artivion’s Equity and Cash Incentive Plan.
Were John E. Davis’s Artivion (AORT) stock sales discretionary trades?
No. Footnotes explain the sales were executed upon vesting of performance and restricted stock units solely to cover tax withholding. They are described as “sell to cover” transactions and explicitly stated not to represent discretionary trading decisions by John E. Davis.