OraSure (OSUR) CFO granted stock awards and withholds shares for taxes
Rhea-AI Filing Summary
OraSure Technologies’ Chief Financial Officer Kenneth J. McGrath reported equity award activity in company stock. On March 1 and March 2, he acquired 88,348 and 26,814 shares of common stock at $0.00 per share through grants and settlement of vested performance units and restricted stock. On March 1, 7,639 and 20,745 shares were withheld at $3.0425 per share to cover tax liabilities tied to these vestings, rather than open-market sales. After these transactions, he directly owned 535,241 shares. The newly granted restricted stock is scheduled to vest in three equal annual installments beginning on March 2, 2027, conditioned on his continued service.
Positive
- None.
Negative
- None.
Insights
CFO activity reflects routine equity awards and tax withholding, not open-market trading.
The transactions show OraSure Technologies CFO Kenneth J. McGrath receiving equity compensation via restricted stock and performance units. The large grants at $0.00 per share are standard for stock-based awards and increase his direct share ownership to 535,241 shares.
The dispositions coded "F" at $3.0425 per share are share withholdings to satisfy tax obligations on vesting, rather than discretionary selling into the market. The new restricted stock vests annually starting March 2, 2027, tying part of his compensation to ongoing service and the company’s share price over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 88,348 | $0.00 | -- |
| Grant/Award | Common Stock | 26,814 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,639 | $3.0425 | $23K |
| Tax Withholding | Common Stock | 20,745 | $3.0425 | $63K |
Footnotes (1)
- Shares delivered in settlement of vested performance units that did not constitute a derivative security. Withholding of shares to pay tax liability associated with the vesting of performance units. Withholding of shares to pay the tax liability associated with vesting of restricted shares. Grant of restricted stock award vesting in three equal annual installments beginning on March 2, 2027, subject to the Reporting Person's continuous service through the applicable vesting dates.