Orthofix Medical (OFIX) CLO sells shares for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orthofix Medical Inc. CLO Jorge Andres Cedron reported an open-market sale of 3,743 shares of common stock at $12.82 per share on April 16, 2026. According to the footnote, these shares were sold solely to satisfy tax withholding obligations tied to the settlement of restricted stock units under a pre-existing, Compensation and Talent Development Committee–mandated sell-to-cover requirement, leaving the executive with 59,006 shares, including 44,353 previously reported restricted stock units. The sale was made without any exercise of discretion by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,743 shares ($47,985)
Net Sell
1 txn
Insider
Cedron Jorge Andres
Role
CLO
Sold
3,743 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,743 | $12.82 | $48K |
Holdings After Transaction:
Common Stock — 59,006 shares (Direct, null)
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. Includes 44,353 previously reported restricted stock units.
Key Figures
Shares sold: 3,743 shares
Sale price: $12.82 per share
Shares held after transaction: 59,006 shares
+1 more
4 metrics
Shares sold
3,743 shares
Open-market sale on April 16, 2026
Sale price
$12.82 per share
Price for 3,743 sold shares
Shares held after transaction
59,006 shares
Direct holdings following the sale
Restricted stock units included
44,353 RSUs
Previously reported RSUs included in post-transaction holdings
Key Terms
restricted stock units, sell-to-cover requirement, tax withholding obligations, Compensation and Talent Development Committee
4 terms
restricted stock units financial
"in connection with the settlement of restricted stock units, pursuant to a pre-existing sell-to-cover requirement"
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.
sell-to-cover requirement financial
"pursuant to a pre-existing sell-to-cover requirement previously approved and mandated by the Compensation and Talent Development Committee"
tax withholding obligations financial
"shares of common stock sold to satisfy tax withholding obligations in connection with the settlement of restricted stock units"
Compensation and Talent Development Committee financial
"previously approved and mandated by the Compensation and Talent Development Committee of the Company's Board of Directors"
FAQ
What insider transaction did Orthofix Medical (OFIX) disclose for Jorge Andres Cedron?
Orthofix Medical reported that CLO Jorge Andres Cedron sold 3,743 shares of common stock at $12.82 per share. The transaction occurred on April 16, 2026 and was linked to tax withholding needs from restricted stock unit settlement, not a discretionary open-market sale.
Was the Orthofix Medical (OFIX) insider sale part of a trading plan?
The filing states the sale was pursuant to a pre-existing sell-to-cover requirement mandated by the Compensation and Talent Development Committee. This arrangement automatically sold shares to satisfy tax withholding on restricted stock unit settlement, without discretionary timing decisions by the reporting person.