Glaukos CEO records 180,308-share gift, RSU taxes
Glaukos Corp chairman and CEO Thomas William Burns reported non-market changes in his holdings.
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Form Type
4
Rhea-AI Filing Summary
Glaukos Corp chairman and CEO Thomas William Burns reported non-market changes in his holdings. He transferred 180,308 shares of common stock as a bona fide gift from his direct ownership to the Burns Family Trust. Separately, a total of 9,937 shares were withheld by Glaukos at a price of $109.60 per share to satisfy his tax withholding obligations upon vesting and delivery of previously granted restricted stock units.
Following these transactions, Burns continues to hold common stock directly and indirectly through several trusts, and some of these positions include restricted stock units that have not yet vested or been delivered.
Insider Trade Summary
360,616 shares gifted
Gift
8 txns
Insider
Burns Thomas William
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,469 | $109.60 | $271K |
| Exercise Price or Tax Liability | Common Stock | 7,468 | $109.60 | $818K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Gift | Common Stock | 180,308 | $0.00 | $0.00 |
| Gift | Common Stock | 180,308 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,141,593 shares (Indirect, Through the Burns Family Trust);
Common Stock — 73,026 shares (Direct);
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 (6)
- F1. The transaction reflects shares transferred from the Reporting Person's direct ownership to the Burns Family Trust.
- F2. Consists of 82,963 restricted stock units that have not yet vested or been delivered to the Reporting Person.
- F3. 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 24, 2022.
- F4. Includes 78,274 restricted stock units that have not yet vested or been delivered to the Reporting Person.
- F5. 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 14, 2024.
- F6. Includes 64,090 restricted stock units that have not yet vested or been delivered to the Reporting Person.
Key Figures
Gifted shares: 180,308 shares
Tax-withheld shares: 9,937 shares
Tax-withholding price: $109.60 per share
+5 more
8 metrics
Gifted shares
180,308 shares
Bona fide gift from direct ownership to Burns Family Trust
Tax-withheld shares
9,937 shares
Shares withheld to satisfy CEO’s tax obligations
Tax-withholding price
$109.60 per share
Price used for shares withheld for tax obligations
Direct holdings after gift
82,963 shares
Direct position consisting of restricted stock units not yet vested or delivered
Direct holdings after tax withholdings
73,026 shares
Common stock directly held after reported tax-withholding dispositions
Burns Family Trust holdings
1,141,593 shares
Indirect ownership via the Burns Family Trust after the gift
Burns Annuity Trust holdings
238,107 shares
Indirect ownership through the Burns Annuity Trust
Burns Charitable Remainder Trust holdings
120,000 shares
Indirect ownership through the Burns Charitable Remainder Trust
Key Terms
bona fide gift, restricted stock units, tax withholding obligations, indirect ownership, +1 more
5 terms
bona fide gift financial
"The transaction code description is "Bona fide gift" for the transfer."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"Consists of 82,963 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
"Consists of shares withheld by the Issuer with respect to tax withholding obligations"
indirect ownership financial
"Indirect holdings are reported through trusts such as the Burns Family Trust"
withheld by the Issuer financial
"Consists of shares withheld by the Issuer with respect to tax withholding obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Glaukos (GKOS) CEO Thomas Burns report?
Thomas Burns reported a bona fide gift of 180,308 Glaukos common shares from his direct ownership to the Burns Family Trust, plus 9,937 shares withheld by the company at $109.60 per share to cover tax obligations on vesting restricted stock units.
What is the role of the Burns Family Trust in the Glaukos (GKOS) filing?
The Burns Family Trust is reported as an indirect owner of Glaukos common stock. The filing records a bona fide gift of 180,308 shares transferred from Thomas Burns’ direct holdings to the trust, increasing its indirect position to 1,141,593 shares after the transaction.
Do Thomas Burns’ reported Glaukos (GKOS) holdings include restricted stock units?
Yes. Footnotes state that portions of his reported positions consist of restricted stock units that have not yet vested or been delivered. These include tens of thousands of RSUs in certain direct and indirect holdings, reflecting equity awards that remain subject to future vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
