LeMaitre Vascular (LMAT) president reports sale of 8,464 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LeMaitre Vascular (LMAT) president and director David B. Roberts reported multiple equity transactions. The largest was an open-market sale of 8,464 shares of common stock at a weighted average price of $106.8003 per share, leaving him with 17,979 shares directly owned after that sale.
On the prior day, he acquired common stock through the vesting and settlement of performance share unit (PSU) awards and related dividend equivalent rights, including grants of 1,514 shares and 146 shares at no cost, plus small amounts from dividend equivalents. The company also withheld 134 shares and 13 shares to cover tax obligations upon PSU vesting, which are reported as exempt dispositions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,464 shares ($903,958)
Net Sell
7 txns
Insider
Roberts David B
Role
President and Director
Sold
8,464 shs ($904K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,464 | $106.8003 | $904K |
| Exercise | Dividend Equivalent Rights | 3 | $0.00 | -- |
| Grant/Award | Common Stock | 1,514 | $0.00 | -- |
| Grant/Award | Common Stock | 146 | $0.00 | -- |
| Exercise | Common Stock | 3 | $0.00 | -- |
| Tax Withholding | Common Stock | 134 | $113.69 | $15K |
| Tax Withholding | Common Stock | 13 | $113.69 | $1K |
Holdings After Transaction:
Common Stock — 17,979 shares (Direct);
Dividend Equivalent Rights — 9.38 shares (Direct)
Footnotes (1)
- 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. These shares represent LMAT common stock acquired on February 26, 2026, upon settlement of a Performance Share Unit (PSU) award granted on February 18, 2025. 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 December 6th over the next three years (2026, 2027 and 2028). 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. 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 February 18, 2025. 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 $105.85 to $107.30. 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 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 did David B. Roberts report in this Form 4 for LMAT?
David B. Roberts reported an open-market sale of LMAT common stock and several equity award-related transactions. These included PSU vesting, dividend equivalent rights settlement, and shares withheld to cover taxes, all affecting his directly owned share count in LeMaitre Vascular.
What are the dividend equivalent rights mentioned in the LMAT Form 4?
Dividend equivalent rights give David B. Roberts the economic equivalent of LMAT common stock dividends. In this filing, certain rights were released upon PSU vesting, converting to common stock on a one-for-one basis, as described in the footnotes to the Form 4.