LeMaitre Vascular (LMAT) Form 4: Kamke Records Dividend Equivalent Rights
Rhea-AI Filing Summary
LeMaitre Vascular insider report: This Form 4, filed for Trent G. Kamke (Senior V.P., Operations), discloses accrual and acquisition of dividend equivalent rights tied to restricted stock unit (RSU) and performance share unit (PSU) awards that vest proportionately. Transactions are dated 09/04/2025. The report lists multiple accruals that convert economically to common shares, with individual tranche amounts shown (examples: 0.3386, 0.6173, 1.2562, 1.6108, 1.9307, 1.9194). No cash consideration is reported and ownership form is direct. The filing documents routine compensation-related accruals rather than open-market purchases or sales.
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Insights
TL;DR: Routine compensation accruals; not a material change to ownership or corporate control.
The Form 4 reports dividend equivalent rights credited to RSU and PSU awards for Trent Kamke on 09/04/2025. Each credit is the economic equivalent of common stock and vests proportionately with the underlying awards. There is no cash price reported and the quantities are fractional per award tranche, indicating these are bookkeeping entries recognizing accrued dividends rather than purchases or dispositions that would change voting power materially. Impact on share count and dilution is negligible at the single- and low-double-digit fractional-share level reported.
TL;DR: Administrative disclosure of compensation-related rights; standard governance transparency.
The filing fulfills Section 16 reporting for an officer receiving dividend equivalent credits tied to long-term incentive awards (RSUs and PSUs). The explanations tie each credited tranche to prior grants dated 2020–2024. This disclosure aligns with required transparency around executive compensation accruals and does not indicate any alteration to incentive terms or issuance of new awards. For governance reviewers, the form confirms vesting-linked accruals and direct beneficial ownership reporting consistent with company equity plans.