AtriCure (ATRC) CSO granted stock, transfers shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AtriCure, Inc. Chief Scientific Officer Doraiswamy Vinayak reported equity awards and related tax withholding transactions in company common stock. He acquired 30,390 shares through a restricted stock award under the 2023 Stock Incentive Plan, with one third vesting on each of the first, second, and third anniversaries of the grant date. He also acquired 15,198 shares from the vesting and release of a performance share award after company performance goals and service requirements were met. To cover tax obligations from earlier restricted or performance share vesting, he transferred 15,585 shares back to AtriCure at a price of $31.26 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Doraiswamy Vinayak
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,390 | $0.00 | -- |
| Grant/Award | Common Stock | 15,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,585 | $31.26 | $487K |
Holdings After Transaction:
Common Stock — 102,262 shares (Direct)
Footnotes (1)
- The Reporting Person acquired these shares pursuant to a Restricted Stock Award under the AtriCure, Inc. 2023 Stock Incentive Plan. One third of the shares will vest annually upon the respective one, two, and three year anniversaries of the date of grant. The Reporting Person acquired these shares pursuant to the vesting and release of a Performance Share Award under the AtriCure, Inc. 2023 Stock Incentive Plan. The award had Company performance goals and a service period requirement which were met. The Reporting Person has elected to transfer these shares to the Company to satisfy the tax withholding obligation incurred upon the vesting and release of shares previously acquired pursuant to a Restricted Stock Award or Performance Share Award.
FAQ
What insider transactions did AtriCure (ATRC) report for its Chief Scientific Officer?
AtriCure’s Chief Scientific Officer Doraiswamy Vinayak reported equity grants and a tax-related share transfer. He received restricted stock and performance-based shares, then transferred other shares back to the company to satisfy tax withholding obligations tied to prior award vesting.
What are the vesting terms of the new restricted stock award at AtriCure (ATRC)?
The new restricted stock award for AtriCure’s Chief Scientific Officer vests in three equal installments. One third of the 30,390 granted shares will vest on each of the first, second, and third anniversaries of the March 1 grant date, assuming continued eligibility.