QuidelOrtho (QDEL) CFO nets shares from RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuidelOrtho Corp Chief Financial Officer Joseph M. Busky reported routine equity compensation activity involving restricted stock units and related tax withholding. On the transaction date, 4,925 restricted stock units were released, converting into 4,925 shares of common stock as part of previously reported awards.
Of these shares, 1,519 were withheld by the company at $14.78 per share to satisfy tax withholding obligations tied to the RSU release, which is not an open-market sale. Following these transactions, Busky held 44,818 shares of common stock directly and 10,290 shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,925 shares exercised/converted
Mixed
4 txns
Insider
Busky Joseph M.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,925 | $0.00 | -- |
| Grant/Award | Common Stock | 4,925 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,519 | $14.78 | $22K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 46,337 shares (Direct);
Common Stock — 10,290 shares (Indirect, By Trust)
Footnotes (1)
- Reflects release of restricted stock units that were previously reported on a Form 4. 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. 14,775 shares vested in equal installments on March 28, 2024, March 28, 2025 and March 28, 2026.
Key Figures
RSUs released: 4,925 units
Shares withheld for taxes: 1,519 shares at $14.78
Direct holdings after transaction: 44,818 shares
+2 more
5 metrics
RSUs released
4,925 units
Restricted stock units converted into common stock
Shares withheld for taxes
1,519 shares at $14.78
Tax-withholding disposition related to RSU release
Direct holdings after transaction
44,818 shares
Common stock held directly by CFO after transactions
Indirect holdings by trust
10,290 shares
Common stock held indirectly by trust
Total award vesting schedule
14,775 shares
Vesting in equal installments on Mar 28, 2024–2026
Key Terms
Restricted Stock Units, tax withholding obligations, indirect, tax-withholding disposition, +1 more
5 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 related to the issuance"
indirect financial
"Common Stock holding marked as indirect with nature of ownership By Trust"
tax-withholding disposition financial
"transaction_action is tax-withholding disposition for 1,519 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"restricted stock units that were previously reported on a Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did QuidelOrtho (QDEL) CFO Joseph M. Busky report in this Form 4?
He reported the release of 4,925 restricted stock units into common shares and related share withholding for taxes. These transactions reflect routine equity compensation rather than open-market buying or selling activity.
How many QuidelOrtho (QDEL) RSUs vested for the CFO in this filing?
A total of 4,925 restricted stock units vested and converted into 4,925 shares of QuidelOrtho common stock. The filing notes these RSUs were previously reported and are part of a larger 14,775-share award vesting over three years.
What do the QuidelOrtho (QDEL) Form 4 footnotes say about the RSUs?
The footnotes explain that each restricted stock unit corresponds to one share of QuidelOrtho common stock and that 14,775 shares from the underlying award vest in equal installments on March 28, 2024, 2025 and 2026.
Is the tax withholding in the QuidelOrtho (QDEL) Form 4 a sale by the CFO?
The filing classifies it as a tax-withholding disposition, where 1,519 shares were delivered to QuidelOrtho to satisfy tax liabilities. This is not an open-market sale and does not reflect a discretionary trade.