Globus Medical (GMED) director gifts 6,100 Class A shares, updates holdings
Rhea-AI Filing Summary
Globus Medical Inc. director reports equity gift
A director of Globus Medical Inc. reported a transaction in the company’s Class A common stock dated 01/02/2025 with transaction code "G", indicating a gift. The filing shows 6,100 shares of Class A common stock were disposed of at a stated price of $0 as part of this gift transaction.
Following the reported transaction, the director beneficially owns 510,175 shares of Class A common stock directly. In addition, 165,967 shares are held indirectly through the Davidar Family Irrevocable Trust U/A 8/6/09, which is a trust for the benefit of the reporting person’s spouse and children, with the spouse serving as trustee.
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FAQ
What insider transaction did Globus Medical (GMED) disclose in this filing?
The filing discloses that a director of Globus Medical Inc. completed a transaction in Class A common stock coded "G" on 01/02/2025, indicating a gift of 6,100 shares at a stated price of $0.
How many Globus Medical (GMED) shares does the director own after the reported transaction?
After the transaction, the director beneficially owns 510,175 shares of Globus Medical Class A common stock directly and 165,967 shares indirectly through the Davidar Family Irrevocable Trust U/A 8/6/09.
What does transaction code "G" mean in the Globus Medical (GMED) insider report?
In this report, transaction code "G" for the Class A common stock on 01/02/2025 indicates the shares were transferred as a gift, with 6,100 shares disposed of at a reported price of $0.
How are some of the Globus Medical (GMED) shares held by the reporting person?
In addition to directly held shares, 165,967 Globus Medical Class A shares are held indirectly through the Davidar Family Irrevocable Trust U/A 8/6/09, which is for the benefit of the reporting person’s spouse and children.
Who controls the trust that holds indirect Globus Medical (GMED) shares?
The filing states that the reporting person’s spouse is the trustee of the Davidar Family Irrevocable Trust U/A 8/6/09, which holds 165,967 shares of Globus Medical Class A common stock.
Is the Globus Medical (GMED) insider transaction part of a Rule 10b5-1 trading plan?
The form includes a checkbox related to transactions made under a Rule 10b5-1(c) contract, instruction, or written plan, but the provided content does not indicate that this particular gift transaction was made under such a plan.