KORU Medical Systems (KRMD) COO logs RSU vesting and share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KORU Medical Systems Chief Operating Officer Christopher Pazdan reported routine equity compensation activity. On the vesting of restricted stock units, he acquired 5,327 shares of common stock and 1,470 shares were withheld to satisfy tax obligations at a value of $3.94 per share. Following these transactions, he holds just over 310,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pazdan Christopher
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 5,327 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,470 | $3.94 | $6K |
Holdings After Transaction:
Common Stock — 310,458 shares (Direct, null)
Footnotes (1)
- Represents common stock issued upon vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting. Represents shares withheld to satisfy tax obligations upon vesting of restricted stock units.
Key Figures
Tax-withheld shares: 1,470 shares
RSU vesting shares: 5,327 shares
Tax withholding price: $3.94 per share
+2 more
5 metrics
Tax-withheld shares
1,470 shares
Shares withheld to satisfy tax obligations at $3.94 per share
RSU vesting shares
5,327 shares
Common stock issued upon vesting of restricted stock units
Tax withholding price
$3.94 per share
Implied value for shares withheld for tax obligations
Post-transaction holdings (entry 1)
308,988 shares
Direct common stock ownership after tax-withholding disposition
Post-transaction holdings (entry 2)
310,458 shares
Direct common stock ownership after RSU-related acquisition
Key Terms
restricted stock units, tax obligations, derivative exercise/conversion, tax-withholding disposition
4 terms
restricted stock units financial
"Represents common stock issued upon vesting of restricted stock units."
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 obligations financial
"Represents shares withheld to satisfy tax obligations upon vesting of restricted stock units."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did KORU Medical Systems (KRMD) report for Christopher Pazdan?
KORU Medical Systems reported that Chief Operating Officer Christopher Pazdan received 5,327 common shares from restricted stock unit vesting, while 1,470 shares were withheld to cover tax obligations. These are compensation-related entries rather than open-market stock purchases or sales.
Was the KORU Medical Systems (KRMD) Form 4 transaction an open-market sale or purchase?
The Form 4 does not show any open-market buy or sell. Instead, it records restricted stock units vesting into 5,327 common shares and a tax-withholding disposition of 1,470 shares, which is a standard, non-market mechanism to satisfy tax liabilities.
What does the tax-withholding entry mean in the KRMD Form 4 for Christopher Pazdan?
The tax-withholding entry shows 1,470 KORU shares were withheld at $3.94 each to pay Pazdan’s tax obligations when restricted stock units vested. This disposition is not an open-market sale, but an administrative step handled by the company.
What role do restricted stock units play in KORU Medical Systems (KRMD) executive compensation?
The filing indicates that restricted stock units provide a contingent right to receive one KORU common share upon vesting. In this case, vested units delivered 5,327 shares to Chief Operating Officer Christopher Pazdan as part of his equity-based compensation package.