QuidelOrtho (NASDAQ: QDEL) CEO RSU vesting triggers tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuidelOrtho Corp President and CEO Brian J. Blaser reported routine equity compensation activity. On May 15, 20,759 restricted stock units converted into an equal number of common shares, reflecting a scheduled vesting.
To cover tax obligations from this vesting, 10,252 common shares were withheld at $10.32 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, he holds 45,901 common shares directly and 40,073 common shares indirectly through a trust. Footnotes note that 20,759 shares vested on each of May 15, 2025 and May 15, 2026, with another 20,759 scheduled to vest on May 15, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,759 shares exercised/converted
Mixed
4 txns
Insider
Blaser Brian J.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,759 | $0.00 | -- |
| Grant/Award | Common Stock | 20,759 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,252 | $10.32 | $106K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,759 shares (Direct, null);
Common Stock — 45,901 shares (Direct, null);
Common Stock — 40,073 shares (Indirect, By Trust)
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. 20,759 shares vested on each of May 15, 2025 and May 15, 2026; the remaining 20,759 shares will vest on May 15, 2027.
Key Figures
RSUs converted: 20,759 shares
Tax-withheld shares: 10,252 shares
Tax-withholding price: $10.32 per share
+3 more
6 metrics
RSUs converted
20,759 shares
Restricted stock units released into common stock on May 15
Tax-withheld shares
10,252 shares
Shares withheld to satisfy tax obligations on vesting
Tax-withholding price
$10.32 per share
Price used for 10,252 withheld shares
Direct holdings after
45,901 shares
Common stock directly owned after transactions
Indirect holdings after
40,073 shares
Common stock held indirectly by trust
Annual vesting tranches
20,759 shares each
Vesting on May 15, 2025, 2026, and 2027
Key Terms
Restricted Stock Units, tax withholding obligations, grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying common stock"
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 related to the issuance"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for the A code"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for RSU conversion"
By Trust financial
"nature_of_ownership: "By Trust" describing indirect ownership of common stock"
FAQ
What insider transactions did QuidelOrtho (QDEL) CEO Brian Blaser report?
Brian Blaser reported RSU vesting and related tax withholding. On May 15, 20,759 restricted stock units converted into common shares, and 10,252 shares were withheld at $10.32 per share to satisfy tax obligations tied to this vesting.
What are the vesting terms for the CEO’s QuidelOrtho (QDEL) restricted stock units?
The RSUs vest in three equal annual installments of 20,759 shares. Footnotes state 20,759 shares vested on May 15, 2025 and May 15, 2026, with a remaining 20,759 scheduled to vest on May 15, 2027 under the same award.