Avanos (AVNS) Form 4: Insider Surrenders 345 Shares at $12.66
John Joseph Hurley, Principal Accounting Officer of Avanos Medical, Inc. (AVNS), reported a Form 4 disclosing a tax-withholding sale tied to vested restricted stock units.
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Rhea-AI Filing Summary
John Joseph Hurley, Principal Accounting Officer of Avanos Medical, Inc. (AVNS), reported a Form 4 disclosing a tax-withholding sale tied to vested restricted stock units. On 09/05/2025 the filing shows 345 shares were disposed of at $12.66 per share under transaction code F(1). The filing explains these shares were surrendered to the issuer to satisfy tax withholding on time-based restricted share units awarded on 09/05/2024. After the transaction, Hurley beneficially owns 11,364 shares directly. The Form 4 was signed by an attorney-in-fact on 09/09/2025.
Positive
- Proper disclosure of the transaction on Form 4 demonstrating compliance with Section 16 reporting requirements
- Transaction tied to tax withholding on vested TRSUs, indicating a routine administrative sale rather than an opportunistic insider sale
Negative
- None.
Insights
TL;DR: Routine insider tax-withholding sale on vested RSUs; shows compliance with disclosure and tax obligations.
The Form 4 reports a non-discretionary disposition of 345 shares to satisfy withholding on vested time-based restricted share units granted a year earlier. This is a common, non-strategic transaction that reduces the insider's net share count but does not indicate a change in company control or executive intent to liquidate holdings. The use of an attorney-in-fact for signature is procedural and acceptable when properly authorized.
TL;DR: Small, routine disposition; immaterial to company capitalization and likely unrelated to trading strategy.
Transaction details: 345 shares sold at $12.66 per share on 09/05/2025, leaving 11,364 shares beneficially owned. The sale is explicitly tied to tax withholding for TRSUs awarded 09/05/2024, indicating the transaction is administrative rather than a market-driven divestiture. Given the modest size relative to typical insider holdings, the market impact is likely negligible.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 345 | $12.66 | $4K |
Footnotes (1)
- F1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of time-based restricted share units (TRSUs) that were awarded to the Reporting Person on September 5, 2024. Each TRSU is the economic equivalent of one share of Common Stock.
FAQ
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What did AVNS insider John Joseph Hurley report on Form 4?
When was the Form 4 signed and by whom?
Does the Form 4 indicate any derivative transactions or option exercises?
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