QuidelOrtho (QDEL) EVP Hanson converts 5,797 RSUs, 2,096 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuidelOrtho Corp executive Bryan Michael Hanson reported routine equity compensation activity involving restricted stock units and related tax withholding. On the same date, 5,797 restricted stock units were released and converted into an equal number of common shares, reflecting previously granted awards.
To cover tax withholding obligations from this release, 2,096 common shares were disposed of by having the issuer withhold shares rather than using cash. After these transactions, Hanson directly holds 9,867 shares of QuidelOrtho common stock. Footnotes state that each restricted stock unit represents one share and that an additional 5,797 units are scheduled to vest on July 1, 2027 and 5,798 units on July 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,797 shares exercised/converted
Mixed
3 txns
Insider
Hanson Bryan Michael
Role
EVP Global Port. Mgmt & Mkting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,797 | $0.00 | -- |
| Exercise | Common Stock | 5,797 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,096 | $18.18 | $38K |
Holdings After Transaction:
Restricted Stock Units — 11,595 shares (Direct, null);
Common Stock — 9,867 shares (Direct, null)
Footnotes (1)
- Reflects release of restricted stock units that were previously reported on a Form 3. Disposition of shares, as set forth above, was in connection with the Issuer's withholding of common shares to satisfy tax withholding obligations related to the issuance of common shares upon release of restricted stock units. Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. 5,797 shares vested on July 1, 2026, 5,797 shares will vest on July 1, 2027 and 5,798 shares will vest on July 1, 2028.
Key Figures
RSUs vested: 5,797 shares
Shares withheld for taxes: 2,096 shares
Post-transaction holdings: 9,867 shares
+3 more
6 metrics
RSUs vested
5,797 shares
Restricted stock units converted to common stock on July 1, 2026
Shares withheld for taxes
2,096 shares
Common shares withheld to satisfy tax obligations on RSU release
Post-transaction holdings
9,867 shares
Common stock directly held by Bryan Michael Hanson after transactions
Scheduled RSU vesting 2027
5,797 units
Restricted stock units scheduled to vest on July 1, 2027
Scheduled RSU vesting 2028
5,798 units
Restricted stock units scheduled to vest on July 1, 2028
Tax withholding transaction price
$18.18/share
Price per share used for 2,096-share tax withholding disposition
Key Terms
restricted stock units, tax withholding obligations, derivative security, vested
4 terms
restricted stock units financial
"Reflects release of restricted stock units that were previously reported"
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.
tax withholding obligations financial
"withholding of common shares to satisfy tax withholding obligations"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested financial
"5,797 shares vested on July 1, 2026, 5,797 shares will vest"
FAQ
What insider transactions did QuidelOrtho (QDEL) executive Bryan Michael Hanson report?
Bryan Michael Hanson reported the release of 5,797 restricted stock units into common shares and a related tax-withholding disposition of 2,096 shares, both on July 1, 2026. These events reflect routine equity compensation vesting and associated tax settlement in shares.
Did the QuidelOrtho (QDEL) Form 4 show an open-market buy or sell by Bryan Michael Hanson?
The Form 4 did not show any open-market buy or sell. Instead, it disclosed an RSU release converting 5,797 units into common shares and a tax-withholding disposition of 2,096 shares, where the issuer withheld shares to satisfy tax obligations on the vesting.
What happened to Bryan Michael Hanson’s restricted stock units in the QuidelOrtho (QDEL) filing?
The filing states that 5,797 restricted stock units vested and converted into an equal number of common shares. Footnotes also indicate remaining RSUs scheduled to vest: 5,797 units on July 1, 2027 and 5,798 units on July 1, 2028, subject to applicable conditions.
How were taxes handled on Bryan Michael Hanson’s QuidelOrtho (QDEL) RSU vesting?
Taxes were handled through share withholding rather than a cash payment. The issuer withheld 2,096 common shares in connection with the RSU release to satisfy tax withholding obligations, a common non-cash method for covering taxes on equity compensation vesting.
What does the M transaction code mean in the QuidelOrtho (QDEL) Form 4 for Bryan Michael Hanson?
The M code refers to an exercise or conversion of a derivative security. In this case, it represents the conversion of 5,797 restricted stock units into common shares, as each unit carries the right to receive one share of QuidelOrtho common stock upon vesting.