Insulet EVP gets stock, withholds shares for taxes
Insulet Corp EVP and COO Benjamin Eric reported a mix of equity awards and share withholding transactions.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 395 | $248.12 | $98K |
| Grant/Award | Employee Stock Option (Right to Buy) | 9,946 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,822 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. This transaction represents the withholding of shares received upon the vesting of restricted stock units to cover the associated tax obligations.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Insulet (PODD) EVP and COO Benjamin Eric report?
How many Insulet (PODD) restricted stock units were granted to Benjamin Eric?
What stock options did Insulet (PODD) grant to EVP and COO Benjamin Eric?
How do the vesting schedules work for Benjamin Eric’s Insulet (PODD) RSUs and options?
AI-generated analysis. How Rhea-AI works. Not financial advice.