QuidelOrtho Corp (NASDAQ: QDEL) EVP converts RSUs, pays taxes in stock
Rhea-AI Filing Summary
QuidelOrtho Corp executive Bryan Michael Hanson, EVP Global Portfolio Management & Marketing, released 5,797 restricted stock units into an equal number of common shares on July 1, 2026. To satisfy tax obligations, 2,096 shares were withheld at $18.18 per share. After these transactions, he directly held 7,771 shares of common stock. Footnotes indicate an additional 5,797 RSUs are scheduled to vest on July 1, 2027 and 5,798 on July 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,701 shares
Net Buy
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 | $0.00 |
| Exercise | Common Stock | 5,797 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,096 | $18.18 | $38K |
Holdings After Transaction:
Restricted Stock Units — 11,595 shares (Direct);
Common Stock — 7,771 shares (Direct)
Footnotes (4)
- F1. Reflects release of restricted stock units that were previously reported on a Form 3.
- F2. 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.
- F3. Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock.
- F4. 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 released into common stock: 5,797 units
Shares withheld for taxes: 2,096 shares
Post-transaction common stock holding: 7,771 shares
+3 more
6 metrics
RSUs released into common stock
5,797 units
Restricted stock units converted to common stock on July 1, 2026
Shares withheld for taxes
2,096 shares
Common shares withheld to satisfy tax withholding obligations at $18.18 per share
Post-transaction common stock holding
7,771 shares
Common Stock directly held by Bryan Michael Hanson after the reported transactions
Tax withholding price
$18.18 per share
Value used for shares withheld to satisfy tax obligations
RSUs vesting July 1, 2027
5,797 units
Restricted stock units scheduled to vest on July 1, 2027
RSUs vesting July 1, 2028
5,798 units
Restricted stock units scheduled to vest on July 1, 2028
Key Terms
Restricted Stock Units, tax withholding obligations, vested
3 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
"to satisfy tax withholding obligations related to the issuance of common shares"
vested financial
"5,797 shares vested on July 1, 2026, 5,797 shares will vest on July 1, 2027"
FAQ
What insider transaction did QuidelOrtho (QDEL) report for Bryan Michael Hanson?
QuidelOrtho reported that EVP Bryan Michael Hanson released 5,797 restricted stock units into an equal number of common shares on July 1, 2026. To cover taxes, 2,096 shares were withheld, and his direct holding is now 7,771 common shares.
What is Bryan Michael Hanson's current QuidelOrtho (QDEL) stock holding?
After the reported transactions, Bryan Michael Hanson directly holds 7,771 shares of QuidelOrtho common stock. This figure reflects his post-transaction position as reported in the filing’s canonical holdings section for directly owned common shares.
What RSU vesting schedule is disclosed for QuidelOrtho (QDEL) in this report?
Footnotes state that 5,797 shares vested on July 1, 2026, with another 5,797 shares scheduled to vest on July 1, 2027 and 5,798 shares scheduled to vest on July 1, 2028. Each restricted stock unit represents one share of common stock.
Was this QuidelOrtho (QDEL) insider transaction tied to a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmatively adopted, and the footnotes do not reference any trading plan. The reported activity therefore is not described as occurring under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.