LeMaitre Vascular (LMAT) CEO sells 46,481 shares, retains over 1.4M
Rhea-AI Filing Summary
LeMaitre Vascular Chairman and CEO George W. LeMaitre reported open-market sales of company stock. On May 7 he sold 18,600 shares of common stock at a weighted average price of $107.6351 per share, and on May 8 he sold 27,881 shares at a weighted average price of $108.6905 per share.
After these direct sales, he continued to hold 1,430,019 shares directly. The filing also shows 33,400 shares held indirectly by the “LeMaitre Irrevocable Life Insurance Trust of 2025,” for the benefit of his children, where he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
CEO executes modest net stock sale while retaining a large direct stake.
Chairman and CEO George W. LeMaitre reported selling a total of 46,481 common shares in open-market transactions at weighted average prices around $108 per share. These are straightforward Code S sales, with prices reflecting multiple trades within disclosed intraday ranges.
Following the sales, he still directly holds 1,430,019 shares, indicating that only a small portion of his visible direct position was sold. The filing also notes 33,400 shares held by an irrevocable trust for his children, for which he disclaims beneficial ownership except for any pecuniary interest, aligning this with estate and family planning rather than trading intent.
The transaction summary shows two sell transactions, no option exercises, and no tax-withholding or gifting activity, suggesting routine portfolio management rather than a structural change in his equity exposure. Overall, this looks like a normal liquidity event, and by itself does not clearly alter the company’s investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,881 | $108.6905 | $3.03M |
| Sale | Common Stock | 18,600 | $107.6351 | $2.00M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $107.10 to $108.00. 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. The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $107.41 to $109.73. 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.