AtriCure (ATRC) COO receives stock awards and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AtriCure, Inc. Chief Operating Officer Douglas J. Seith reported equity compensation and related tax withholding in company stock. On March 1, 2026, he received 42,386 shares of common stock as a restricted stock award that vests in three equal annual installments. He also acquired 25,532 shares through the vesting and release of a performance share award after company performance goals and service requirements were met. To cover tax obligations from these vestings, he transferred 22,948 shares back to the company at $31.26 per share. Following these transactions, he directly owned 229,340 shares of AtriCure common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Seith Douglas J
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,386 | $0.00 | -- |
| Grant/Award | Common Stock | 25,532 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,948 | $31.26 | $717K |
Holdings After Transaction:
Common Stock — 226,756 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 did AtriCure (ATRC) disclose about Douglas Seith’s recent stock transactions?
AtriCure reported that COO Douglas J. Seith received restricted and performance-based stock awards and transferred shares back to the company for tax withholding. These transactions reflect equity compensation rather than open-market buying or selling of ATRC shares.
What vesting terms apply to Douglas Seith’s new AtriCure restricted stock award?
The new restricted stock award to Douglas J. Seith vests in three equal annual installments. One-third of the 42,386 shares will vest on each of the first, second, and third anniversaries of the March 1, 2026 grant date, assuming continued service.
Were Douglas Seith’s AtriCure (ATRC) transactions open-market buys or sells?
The transactions were not open-market trades. They consisted of stock grants and the delivery of 22,948 shares back to AtriCure at $31.26 per share to cover tax liabilities arising from vesting of equity awards.