AtriCure (ATRC) CMO granted stock awards, uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AtriCure, Inc. Chief Marketing & Strategy Officer Justin J. Noznesky reported equity compensation and related tax withholding in company stock. He acquired 27,991 shares through a new restricted stock award and 15,198 shares from a performance share award that vested after meeting company performance and service requirements. To cover tax obligations on vested awards, he transferred 15,586 shares back to the company at a price of $31.26 per share, leaving him with 106,401 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Noznesky Justin J
Role
Chief Mktg & Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,991 | $0.00 | -- |
| Grant/Award | Common Stock | 15,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,586 | $31.26 | $487K |
Holdings After Transaction:
Common Stock — 106,789 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) executive Justin Noznesky report?
Justin Noznesky reported equity awards and a tax-related share transfer. He received 27,991 restricted shares and 15,198 performance-based shares, then transferred 15,586 shares back to AtriCure to satisfy tax withholding obligations tied to vested awards.
What are the vesting terms of Justin Noznesky’s new AtriCure restricted stock award?
The new restricted stock award of 27,991 AtriCure shares vests over three years. One third of the shares vest on each of the one-, two-, and three-year anniversaries of the grant date, subject to continued service under the 2023 Stock Incentive Plan.