Insulet (NASDAQ: PODD) COO granted stock and options, withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insulet Corp EVP and COO Benjamin Eric reported a mix of equity awards and share withholding transactions. He received a grant of 3,822 shares of common stock as an annual restricted stock unit award, which will vest in three equal installments on the first, second, and third anniversaries of the grant date. He was also granted 9,946 non-qualified stock options that become exercisable in four equal installments on each of the first four anniversaries of the grant date.
In a separate transaction, 395 shares of common stock were withheld at a price of $248.12 per share to cover tax obligations arising from RSU vesting, reducing his directly held common stock to 24,512 shares after the withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Benjamin Eric
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 395 | $248.12 | $98K |
| Grant/Award | Employee Stock Option (Right to Buy) | 9,946 | $0.00 | -- |
| Grant/Award | Common Stock | 3,822 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,512 shares (Direct);
Employee Stock Option (Right to Buy) — 9,946 shares (Direct)
Footnotes (1)
- Annual Restricted Stock Unit ("RSU") award. RSUs vest in substantially equal installments on each of the first, second and third anniversaries of the grant date and are settled in shares of common stock on a one-for-one basis. This transaction represents the withholding of shares received upon the vesting of restricted stock units to cover the associated tax obligations. Annual Non-Qualified Stock Option ("Option") Award. The Options become exercisable in substantially equal installments on each of the first, second, third and fourth anniversaries of the grant date.
FAQ
What insider transactions did Insulet (PODD) EVP and COO Benjamin Eric report?
Benjamin Eric reported new equity awards and a tax-related share withholding. He received 3,822 restricted stock units, 9,946 stock options, and had 395 shares withheld to cover taxes tied to RSU vesting.
How many Insulet (PODD) restricted stock units were granted to Benjamin Eric?
Benjamin Eric was granted 3,822 restricted stock units as an annual equity award. These RSUs vest in three substantially equal installments on the first, second, and third anniversaries of the grant date, settling one-for-one in Insulet common shares.
What stock options did Insulet (PODD) grant to EVP and COO Benjamin Eric?
Insulet granted Benjamin Eric 9,946 non-qualified stock options at a grant price of $0.00 per option. The options become exercisable in four substantially equal installments on each of the first, second, third, and fourth anniversaries of the grant date.
How do the vesting schedules work for Benjamin Eric’s Insulet (PODD) RSUs and options?
His 3,822 RSUs vest in three equal annual installments over three years from grant. The 9,946 stock options vest in four equal annual installments over four years, giving him increasing exercisable options each year as service conditions are met.