Orthofix exec sells shares to cover taxes
Orthofix Medical Inc. executive Aviva McPherron reported selling 3,670 shares of common stock at $9.38 per share on an open market transaction.
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Form Type
4
Rhea-AI Filing Summary
Orthofix Medical Inc. executive Aviva McPherron reported selling 3,670 shares of common stock at $9.38 per share on an open market transaction. According to the footnote, the sale was mandated to satisfy tax withholding for restricted stock unit settlement under a pre-approved sell-to-cover program. McPherron still holds 66,330 shares directly, including 44,748 restricted stock units and 2,147 shares acquired through Orthofix’s Stock Purchase Plan.
Insider Trade Summary
Net Seller: 3,670 shares
Net Sell
1 txn
Insider
McPherron Aviva
Role
Pres, Global Ops & Qual
Sold
3,670 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,670 | $9.38 | $34K |
Holdings After Transaction:
Common Stock — 66,330 shares (Direct)
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 44,748 previously reported restricted stock units and 2,147 shares acquired under Orthofix's Stock Purchase Plan ("Orthofix's SPP") on 04/30/2026. Orthofix's SPP is a "Stock Purchase Plan" as defined in Rule 16b-3(b)(5), and share acquisitions under the plan are exempt from Section 16(b).
Key Figures
Shares sold: 3,670 shares
Sale price: $9.38 per share
Shares after transaction: 66,330 shares
+3 more
6 metrics
Shares sold
3,670 shares
Open-market sale on 2026-06-18 to satisfy tax withholding
Sale price
$9.38 per share
Price for McPherron’s 3,670-share sale
Shares after transaction
66,330 shares
Direct holdings following the reported sale
Restricted stock units
44,748 units
Previously reported RSUs included in post-transaction holdings
Shares from Stock Purchase Plan
2,147 shares
Acquired under Orthofix’s SPP on 04/30/2026
Net shares sold
3,670 shares
Net sell direction per transaction summary
Key Terms
sell-to-cover requirement, restricted stock units, Stock Purchase Plan, Section 16(b)
4 terms
sell-to-cover requirement financial
"pursuant to a pre-existing sell-to-cover requirement previously approved and mandated"
restricted stock units financial
"in connection with the settlement of restricted stock units, pursuant to a pre-existing"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Purchase Plan financial
"shares acquired under Orthofix's Stock Purchase Plan ("Orthofix's SPP") on 04/30/2026"
A stock purchase plan is a company-run program that lets employees or qualifying investors buy the company’s shares regularly, often through paycheck deductions and sometimes at a discounted price or with matching contributions. It matters because it encourages ownership—like a workplace discount for buying company products—aligning interests between holders and managers, while affecting share supply and potential value for outside investors.
Section 16(b) regulatory
"share acquisitions under the plan are exempt from Section 16(b)."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Orthofix Medical (OFIX) report for Aviva McPherron?
Orthofix reported that Aviva McPherron sold 3,670 shares of common stock. The shares were sold at $9.38 each to cover tax withholding related to the settlement of restricted stock units under a pre-approved sell-to-cover requirement.
Was Aviva McPherron’s Orthofix (OFIX) stock sale a discretionary trade?
No, the filing states the sale was made under a pre-existing sell-to-cover requirement. It was approved and mandated by the board’s compensation committee, meaning McPherron did not exercise discretion over executing this transaction in the market.
What role does Aviva McPherron hold at Orthofix Medical (OFIX)?
Aviva McPherron is identified as an officer of Orthofix, serving as President, Global Operations & Quality. Her reported holdings and transactions relate to common stock and restricted stock units granted under the company’s equity compensation arrangements.
What is Orthofix Medical’s Stock Purchase Plan (SPP) mentioned in the filing?
The Stock Purchase Plan, referred to as Orthofix’s SPP, is described as a “Stock Purchase Plan” under Rule 16b-3(b)(5). According to the filing, 2,147 shares were acquired under this plan and such acquisitions are exempt from Section 16(b) short-swing profit rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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