Orthofix Strengthens Board Alignment with Major Director Stock Grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Michael Finegan, Director at Orthofix Medical, reported acquiring 26,087 deferred stock units (DSUs) on June 18, 2025. The DSUs were granted at $0 and will fully vest on the first anniversary of the grant date, contingent on Finegan's continued service.
Following this transaction, Finegan beneficially owns a total of 57,391 securities, which includes:
- 26,087 newly granted DSUs
- 29,718 previously reported DSUs
- 1,586 shares acquired through Orthofix's Stock Purchase Plan on April 30, 2025
The DSUs represent a contingent right to receive one share of common stock each, with settlement occurring within 45 days of Finegan's termination of service with Orthofix. This Form 4 filing was submitted by attorney-in-fact J. Andres Cedron on June 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Finegan Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,087 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 57,391 shares (Direct)
Footnotes (1)
- Represents an award of deferred stock units that vest in full on the first anniversary of the grant date, subject to the reporting person's service through such date. Each deferred stock unit represents a contingent right to receive one share of common stock of the issuer. Vested deferred stock units will settle and convert into common stock within 45 days of the reporting person's termination of service with the issuer. Includes 29,718 previously reported deferred stock units and 1,586 shares acquired under Orthofix's Stock Purchase Plan on 4/30/2025.
FAQ
What is the vesting schedule for Michael Finegan's OFIX stock units granted in June 2025?
The deferred stock units vest in full on the first anniversary of the grant date (June 18, 2026), subject to Finegan's continued service through that date. The vested units will settle and convert to common stock within 45 days after his termination of service with Orthofix.