IDEXX (NASDAQ: IDXX) director defers $24,375 into stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IDEXX Laboratories director Joseph L. Hooley acquired 43 deferred stock units tied to the company’s common stock as a compensation award. The units were valued using a reference price of $560.80 per share, reflecting the conversion of $24,375.00 of cash compensation he chose to defer.
Each deferred stock unit represents the right to receive one IDEXX share in the future. The units vest immediately and will be settled in stock after Hooley leaves the Board or on another fixed date allowed under the director plan. Following this grant, he directly holds 118 deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOOLEY JOSEPH L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43 | $560.80 | $24K |
Holdings After Transaction:
Common Stock — 118 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 43 units
Reference share price: $560.80 per share
Cash compensation deferred: $24,375.00
+1 more
4 metrics
Deferred stock units granted
43 units
Award under Director Deferred Compensation Plan
Reference share price
$560.80 per share
Closing price used to calculate deferred units
Cash compensation deferred
$24,375.00
Director fees converted into deferred stock units
Holdings after transaction
118 deferred stock units
Total direct units following the award
Key Terms
deferred stock units, Director Deferred Compensation Plan, Rule 16b-3, contingent right to receive one share
4 terms
deferred stock units financial
"Represents deferred stock units acquired pursuant to the IDEXX Laboratories, Inc. Director Deferred Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Director Deferred Compensation Plan financial
"acquired pursuant to the IDEXX Laboratories, Inc. Director Deferred Compensation Plan (the "Plan")"
Rule 16b-3 regulatory
"acquired pursuant to the IDEXX Laboratories, Inc. Director Deferred Compensation Plan (the "Plan") in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.