Orthofix officer’s tax-related sale of 4,269 shares
Orthofix Medical Inc. executive Lucas Vitale, Chief People & Business Operations Officer, reported an open-market sale of 4,269 shares of common stock at $11.92 per share.
Rhea-AI Filing Summary
Orthofix Medical Inc. executive Lucas Vitale, Chief People & Business Operations Officer, reported an open-market sale of 4,269 shares of common stock at $11.92 per share. According to the disclosure, the sale was executed solely to satisfy tax withholding obligations tied to the settlement of restricted stock units under a pre-approved sell-to-cover arrangement.
The transaction was carried out without any exercise of discretion by Vitale. Following this tax-related sale, he holds 160,449 shares of Orthofix common stock, which includes 127,256 previously reported restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,269 | $11.92 | $51K |
Footnotes (2)
- F1. 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.
- F2. Includes 127,256 previously reported restricted stock units.
FAQ
What did Orthofix (OFIX) executive Lucas Vitale report in this Form 4?
Was the Orthofix (OFIX) insider sale by Lucas Vitale part of a trading plan?
Does the Orthofix (OFIX) Form 4 indicate any option exercises by Lucas Vitale?
What role does Lucas Vitale hold at Orthofix (OFIX) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.