LeMaitre Vascular (NASDAQ: LMAT) CEO gifts 11,974 shares, receives dividend rights
Rhea-AI Filing Summary
LEMAITRE VASCULAR INC Chairman and CEO George W. LeMaitre reported a mix of estate-planning and compensation-related equity movements in company securities. He made a bona fide gift of 11,974 shares of common stock, after which his direct holdings stood at 1,418,045 common shares. A related irrevocable life insurance trust for the benefit of his children holds 45,374 common shares, and he disclaims beneficial ownership except for any pecuniary interest. In addition, he received several small grants of dividend equivalent rights tied to prior restricted stock unit and performance share unit awards, each economically equivalent to one share of common stock and vesting proportionately with the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,974 shares gifted
Gift
9 txns
Insider
LeMaitre George W
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 4.0092 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 4.0092 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 6.854 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 8.2136 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 10.0254 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 11.3593 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 16.8053 | $0.00 | $0.00 |
| Gift | Common Stock | 11,974 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 11,974 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 354.4025 shares (Direct);
Common Stock — 1,418,045 shares (Direct);
Common Stock — 45,374 shares (Indirect, LEMAITRE IRREVOCABLE LIFE INSURANCE TRUST OF 2025)
Footnotes (8)
- F1. 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.
- F2. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/12/2022 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F3. These dividend equivalent rights accrued on a performance share unit award granted on 12/12/2022 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F4. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F5. These dividend equivalent rights accrued on a performance share unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F6. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F7. These dividend equivalent rights accrued on a performance share unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
- F8. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/10/2025 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
Key Figures
Common shares gifted: 11,974 shares
Direct common shares after gift: 1,418,045 shares
Trust common shares after acquisition: 45,374 shares
+4 more
7 metrics
Common shares gifted
11,974 shares
Bona fide gift of common stock on 2026-06-04
Direct common shares after gift
1,418,045 shares
Direct LMAT common stock holdings after 2026-06-04
Trust common shares after acquisition
45,374 shares
Held by LeMaitre Irrevocable Life Insurance Trust of 2025
Dividend equivalent rights grant
16.8053 rights
Accrued on 12/12/2022 RSU award
Dividend equivalent rights grant
11.3593 rights
Accrued on 12/12/2022 PSU award
Dividend equivalent rights balance
60.8553 rights
One direct holding balance after 2026-06-04
Dividend equivalent rights balance
57.3460 rights
Another direct holding balance after 2026-06-04
Key Terms
Dividend Equivalent Rights, bona fide gift, restricted stock unit award, performance share unit award, +1 more
5 terms
Dividend Equivalent Rights financial
"These dividend equivalent rights accrued on a restricted stock unit award granted on 12/12/2022 and vest proportionately with such award."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock unit award financial
"These dividend equivalent rights accrued on a restricted stock unit award granted on 12/12/2022 and vest proportionately with such award."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
irrevocable trust financial
"These shares are held by an irrevocable trust for the benefit of Reporting Person's child(ren)."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did LMAT CEO George LeMaitre report on this Form 4?
George LeMaitre reported a bona fide gift of 11,974 LMAT common shares and several small grants of dividend equivalent rights. The gift reduced his direct holdings but left him owning 1,418,045 common shares directly after the transactions.
What are dividend equivalent rights mentioned in the LMAT Form 4 filing?
Dividend equivalent rights in this filing are awards that are economically equivalent to one LMAT common share each. They accrued on prior restricted stock unit and performance share unit grants and vest proportionately with those underlying awards, effectively tracking dividends on those shares.
How many LMAT dividend equivalent rights did the CEO receive in these transactions?
George LeMaitre received several small grants of dividend equivalent rights, including awards of 16.8053, 11.3593, 10.0254, 8.2136, 6.8540 and 4.0092 units. After these grants, different related accounts show balances such as 60.8553 and 57.3460 dividend equivalent rights.