Orthofix (OFIX) CEO logs 12,220-share tax sell-to-cover, keeps 320,136 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orthofix Medical Inc. President & CEO Massimo Calafiore reported automatic sales of common stock tied to tax withholding on restricted stock units. On March 4, he sold 6,189 shares at a weighted average price of $12.9163, and on March 5, he sold 6,031 shares at a weighted average price of $12.5508, for a total of 12,220 shares.
The filing explains these shares were sold under a pre-existing sell-to-cover requirement to satisfy tax obligations when restricted stock units settled, and the sales were made without any exercise of discretion by him. After these transactions, he directly holds 320,136 shares of Orthofix common stock, including 221,042 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,220 shares ($155,633)
Net Sell
2 txns
Insider
Calafiore Massimo
Role
President & CEO
Sold
12,220 shs ($156K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,031 | $12.5508 | $76K |
| Sale | Common Stock | 6,189 | $12.9163 | $80K |
Holdings After Transaction:
Common Stock — 320,136 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 221,042 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) CEO Massimo Calafiore report in this Form 4 filing?
Massimo Calafiore reported automatic sales of Orthofix common stock linked to tax withholding on restricted stock units. The transactions covered 12,220 shares sold over two days under a pre-approved sell-to-cover requirement, rather than discretionary open-market selling.