Glaukos (NYSE: GKOS) CEO has 4,059 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Glaukos Corp chairman and CEO Thomas William Burns reported a tax-withholding share disposition related to restricted stock units. On February 24, 2026, 4,059 shares of common stock were withheld by Glaukos at $119.17 per share to satisfy his tax obligations upon RSU vesting.
After this transaction, Burns directly owns 251,562 shares of Glaukos common stock, which the footnotes state include 81,912 unvested restricted stock units. He also reports additional indirect ownership through multiple Burns family-related trusts, each holding separate blocks of Glaukos shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Burns Thomas William
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,059 | $119.17 | $484K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 251,562 shares (Direct);
Common Stock — 961,285 shares (Indirect, Through the Burns Family Trust)
Footnotes (1)
- 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. Includes 81,912 restricted stock units that have not yet vested or been delivered to the Reporting Person.
FAQ
What did Glaukos (GKOS) CEO Thomas Burns report in this Form 4?
Thomas William Burns reported a tax-withholding disposition of 4,059 Glaukos common shares. The shares were withheld by the company at $119.17 per share to cover his tax obligations when restricted stock units granted on March 18, 2021 vested and were delivered.
What does transaction code F mean in the Glaukos (GKOS) Burns filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 4,059 Glaukos shares were withheld by the issuer to satisfy Thomas Burns’ tax withholding obligations tied to vesting of previously granted restricted stock units, rather than an open-market sale.
Is the Glaukos (GKOS) Form 4 transaction by Thomas Burns an open-market sale?
No, the transaction is not an open-market sale. Code F and the footnote show 4,059 shares were withheld by Glaukos to cover Thomas Burns’ tax obligations upon RSU vesting, meaning the shares were used for tax withholding rather than sold into the public market.