MiMedx CFO receives shares via PSU vesting
MiMedx Group Chief Financial Officer Doug Rice reported equity compensation activity tied to performance stock units (PSUs).
Rhea-AI Filing Summary
MiMedx Group Chief Financial Officer Doug Rice reported equity compensation activity tied to performance stock units (PSUs). On the reported date, he acquired 243,000 shares of common stock at $4.50 per share upon vesting of PSUs covering the performance period from January 1, 2023 to December 31, 2025.
In connection with this vesting, 96,363 shares were disposed of at $4.50 per share to satisfy tax obligations, with shares withheld as required by company policy rather than sold on the open market. After these transactions, Rice directly held 412,315 shares of MiMedx common stock.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 243,000 | $4.50 | $1.09M |
| Exercise Price or Tax Liability | Common Stock | 96,363 | $4.50 | $434K |
Footnotes (2)
- F1. Represents the payout of shares as a result of the vesting of performance stock units (PSUs) for the performance period from January 1, 2023 to December 31, 2025. The PSUs were granted on July 5, 2023.
- F2. The reported shares were sold in connection with the vesting of performance stock units (PSUs), as required by company policy, with shares withheld for payment of tax liability upon vesting.
FAQ
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What did MiMedx (MDXG) CFO Doug Rice report in this Form 4?
What performance period did the MiMedx (MDXG) PSUs cover for the CFO?
How were taxes handled on the MiMedx (MDXG) PSU vesting for the CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.