Glaukos (NYSE: GKOS) CEO updates trust holdings, uses shares for tax withholding
Rhea-AI Filing Summary
Glaukos Corp chairman and CEO Thomas William Burns reported updated holdings of the company’s common stock, mainly through several family and charitable trusts. The filing lists indirect positions including 100,000 shares through the Janet M. Burns Irrevocable Trust and 1,141,593 shares through the Burns Family Trust.
The only actual share movement was a tax-withholding disposition of 4,059 directly held shares at $142.57 per share to satisfy tax obligations upon vesting and delivery of restricted stock units granted on March 18, 2021. After this, he directly holds 68,967 shares, and his position also includes 56,382 restricted stock units that have not yet vested or been delivered.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 4,059 shares
Net Sell
6 txns
Insider
Burns Thomas William
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,059 | $142.57 | $579K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,967 shares (Direct);
Common Stock — 1,141,593 shares (Indirect, Through the Burns Family Trust);
Common Stock — 238,107 shares (Indirect, Through the Burns Annuity Trust);
Common Stock — 120,000 shares (Indirect, Through the Burns Charitable Remainder Trust);
Common Stock — 100,000 shares (Indirect, Through the Thomas W. Burns Irrevocable Trust);
Common Stock — 100,000 shares (Indirect, Through the Janet M. Burns Irrevocable Trust)
Footnotes (2)
- F1. Consists of shares withheld by the Issuer with respect to tax withholding obligations of the Reporting Person upon vesting and delivery of shares of common stock underlying restricted stock units previously granted by the Issuer on March 18, 2021
- F2. Includes 56,382 restricted stock units that have not yet vested or been delivered to the Reporting Person.
Key Figures
Tax-withheld shares: 4,059 shares
Tax-withholding price: $142.57/share
Direct shares after transaction: 68,967 shares
+4 more
7 metrics
Tax-withheld shares
4,059 shares
Shares withheld to cover tax obligations on RSU vesting
Tax-withholding price
$142.57/share
Price for 4,059 shares used for tax withholding
Direct shares after transaction
68,967 shares
Direct Glaukos common stock held by Thomas Burns after tax withholding
Janet M. Burns Irrevocable Trust
100,000 shares
Indirect Glaukos holdings through this trust
Burns Family Trust
1,141,593 shares
Indirect Glaukos holdings through the Burns Family Trust
Charitable Remainder Trust
120,000 shares
Indirect Glaukos holdings through the Burns Charitable Remainder Trust
Unvested RSUs
56,382 units
Restricted stock units not yet vested or delivered
Key Terms
restricted stock units, tax withholding obligations, irrevocable trust, charitable remainder trust, +1 more
5 terms
restricted stock units financial
"Includes 56,382 restricted stock units that have not yet vested or been delivered"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Issuer with respect to tax withholding obligations of the Reporting Person"
irrevocable trust financial
"Through the Janet M. Burns Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
charitable remainder trust financial
"Through the Burns Charitable Remainder Trust"
annuity trust financial
"Through the Burns Annuity Trust"
FAQ
What did Glaukos (GKOS) CEO Thomas Burns report in this Form 4?
Thomas Burns reported his direct and indirect holdings of Glaukos common stock, mainly in several family and charitable trusts. The filing also records a small tax-related share disposition and notes additional unvested restricted stock units tied to prior equity awards.
What are the restricted stock units mentioned for Glaukos (GKOS) CEO Thomas Burns?
The Form 4 notes that Thomas Burns has 56,382 restricted stock units that have not yet vested or been delivered. These units represent future share-based compensation and are separate from his currently outstanding common stock holdings reported in the filing.
Was the Glaukos (GKOS) Form 4 transaction an open-market sale by Thomas Burns?
No. The 4,059 shares reported with code F were withheld by Glaukos to cover Thomas Burns’ tax obligations on vesting restricted stock units. This type of disposition is administrative and not an open-market share sale initiated for trading purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
