OFIX Form 4: Patrick Fisher sells 1,996 shares to cover RSU taxes
Rhea-AI Filing Summary
Orthofix Medical Inc. (OFIX) insider transaction: On 08/18/2025 Patrick Fisher, President, Global Orthopedics, sold 1,996 shares of common stock at $14.21 per share to satisfy tax withholding obligations arising from the settlement of restricted stock units. The sale was a pre-existing sell-to-cover action mandated by the Compensation and Talent Development Committee and executed without the reporting person’s discretion. Following the transaction Fisher beneficially owns 30,116 shares, which include 24,936 previously reported restricted stock units and 2,070 shares purchased under the company’s Stock Purchase Plan on 04/30/2025. The Form 4 was signed by an attorney-in-fact on 08/20/2025.
Positive
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Insights
TL;DR: Routine sell-to-cover of RSUs by an officer; transaction is non-discretionary and not materially dilutive.
The reported disposition of 1,996 shares at $14.21 per share reflects a standard sell-to-cover to satisfy tax withholding on settled restricted stock units. The filing specifies the sale was executed pursuant to a mandated sell-to-cover requirement and was made without the reporting person’s exercise of discretion, which reduces concerns about opportunistic timing. Beneficial ownership after the sale remains 30,116 shares, including a large RSU component (24,936) and 2,070 shares from the employee purchase plan. For investors this is a routine compensation-related sale and, based on the reported size relative to total holdings disclosed, appears immaterial to capital structure.
TL;DR: Transaction follows company-approved compensation procedures; governance controls appear to have been applied.
The Form 4 discloses that the Compensation and Talent Development Committee approved and mandated the sell-to-cover requirement, indicating board-level oversight of executive equity settlements. The transaction was executed without discretion by the reporting person, and the form was filed and signed by an attorney-in-fact, demonstrating procedural compliance with Section 16 reporting requirements. This filing shows adherence to governance processes for insider equity settlements rather than discretionary insider selling.