LMAT (LMAT) CEO LeMaitre reports 205,930-share sale, PSU vesting and gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEMAITRE VASCULAR INC Chairman and CEO George W. LeMaitre reported a mix of stock sales, awards, and transfers. He sold an aggregate 205,930 shares of common stock in open-market transactions on February 26, 2026 and March 2, 2026, at weighted average prices of $106.7557 and $107.8137 per share, including sales made under a Rule 10b5-1(c) trading plan adopted on March 10, 2025.
On February 26, 2026, he received 5,609 shares upon settlement of a performance share unit award, plus 13 shares from related dividend equivalent rights, and 13 additional common shares from a derivative conversion. The company withheld 496 shares to cover tax obligations on the vesting PSUs.
On March 2, 2026, he made a bona fide gift transfer of 5,000 common shares. Separately, 33,400 shares are held by an irrevocable trust for the benefit of his children, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 205,930 shares ($22,043,375)
Net Sell
8 txns
Insider
LeMaitre George W
Role
Chairman and CEO
Sold
205,930 shs ($22.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Sale | Common Stock | 55,930 | $107.8137 | $6.03M |
| Exercise | Dividend Equivalent Rights | 13 | $0.00 | -- |
| Sale | Common Stock | 150,000 | $106.7557 | $16.01M |
| Grant/Award | Common Stock | 5,609 | $0.00 | -- |
| Exercise | Common Stock | 13 | $0.00 | -- |
| Tax Withholding | Common Stock | 496 | $113.69 | $56K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,532,430 shares (Direct);
Dividend Equivalent Rights — 32.87 shares (Direct);
Common Stock — 33,400 shares (Indirect, LEMAITRE IRREVOCABLE LIFE INSURANCE TRUST OF 2025)
Footnotes (1)
- Sold pursuant to a 10b5-1(c) plan adopted 03-10-2025. The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $103.05 to $113.50. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and price at which the transaction was effected. These shares represent LMAT common stock acquired on February 26, 2026, upon settlement of a Performance Share Unit (PSU) award granted on December 6, 2024. The PSU award vested 25% upon determination of satisfaction of the performance condition (on 2/26/2026), and the balance vests in equal annual installments on the grant date anniversary over the next three years. Represents shares acquired upon release of dividend equivalent rights, as reported in Table II, on a one-for-one basis. These shares represent shares withheld by the Issuer to satisfy tax withholding obligations incurred upon the vesting of PSUs awarded to the reporting person on December 6, 2024. This transaction is considered an exempt sale pursuant to Rule 16b-3(e) promulgated under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $106.95 to $109.49. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and price at which the transaction was effected. These shares are held by an irrevocable trust for the benefit of Reporting Person's child(ren). The Reporting Person disclaims ownership of such securities except to the extent of his pecuniary interest therein, if any, and the reporting herein of such securities shall not be construed as an admission of beneficial ownership thereof for the purposes of Section 16 or for any other purpose. These dividend equivalent rights were released in connection with the vesting of a PSU award granted on December 6, 2024. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
FAQ
What insider transactions did LMAT CEO George LeMaitre report?
George LeMaitre reported open-market sales, equity awards, and a gift. He sold 205,930 LMAT common shares in late February and early March 2026, received shares from a performance share unit vesting, had shares withheld for taxes, and made a 5,000-share bona fide gift.
Was any part of the LMAT CEO’s stock sale under a 10b5-1 plan?
Yes. Some LMAT share sales were executed under a Rule 10b5-1(c) trading plan adopted on March 10, 2025. Such plans allow pre-arranged trading, helping insiders trade shares over time without making discretionary timing decisions later.
What equity awards did the LMAT CEO receive on February 26, 2026?
He acquired 5,609 LMAT common shares from settlement of a performance share unit (PSU) award granted December 6, 2024. The PSU vested 25% upon performance determination on February 26, 2026, with the remaining portions vesting in equal annual installments over the next three years.