Orthofix Medical (NASDAQ: OFIX) CFO sells shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orthofix Medical CFO Julie Andrews reported automatic share sales related to equity compensation. On March 4 and 5, 2026, she sold a total of 4,788 shares of Orthofix Medical common stock in open‑market transactions at weighted average prices of $12.9163 and $12.5508 per share.
According to the disclosure, these sales were made to satisfy tax withholding obligations in connection with the settlement of restricted stock units under a pre‑existing, mandated sell‑to‑cover arrangement approved by the Board’s Compensation and Talent Development Committee, and were executed without her discretion. After these transactions, she directly holds 88,746 shares, including 69,552 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,788 shares ($60,980)
Net Sell
2 txns
Insider
Andrews Julie
Role
CFO
Sold
4,788 shs ($61K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,363 | $12.5508 | $30K |
| Sale | Common Stock | 2,425 | $12.9163 | $31K |
Holdings After Transaction:
Common Stock — 88,746 shares (Direct)
Footnotes (1)
- Represents the number of shares of common stock sold to satisfy tax withholding obligations in connection with the settlement of restricted stock units, pursuant to a pre-existing sell-to-cover requirement previously approved and mandated by the Compensation and Talent Development Committee of the Company's Board of Directors (the administrator of the plan pursuant to which such restricted stock units were granted). Such sale was made without the exercise of any discretion by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.80 to $13.03, inclusive. The reporting person undertakes to provide to Orthofix Medical Inc., any security holder of Orthofix Medical Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) to this Form 4. Includes 69,552 previously reported restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.48 to $12.72, inclusive.
FAQ
What did Orthofix (OFIX) CFO Julie Andrews report in this Form 4?
Orthofix CFO Julie Andrews reported two automatic open-market sales totaling 4,788 common shares. The transactions satisfied tax withholding obligations linked to restricted stock unit settlement under a pre-approved sell-to-cover arrangement mandated by the board’s compensation committee.
Were the Orthofix (OFIX) CFO’s stock sales discretionary trades?
No. The filing states the sales were executed under a pre-existing sell-to-cover requirement to satisfy tax withholding obligations. It explicitly notes the sales were made without any exercise of discretion by Julie Andrews regarding timing or amount sold.