Stryker (NYSE: SYK) CLO nets shares after compensation and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stryker Corp VP and Chief Legal Officer Robert S. Fletcher reported compensation-related stock activity tied to prior performance awards. On March 21, 2026, he exercised 225 dividend equivalent units linked to previously earned Performance Stock Units, receiving an equal number of Stryker Common Stock shares at no cost.
On the same date, 3,384 Common Stock shares were disposed of at $335.67 per share to cover tax obligations, a non-market transaction coded as tax withholding. After these entries, Fletcher directly holds 15,126 Common Stock shares and indirectly holds 162 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
225 shares exercised/converted
Mixed
4 txns
Insider
Fletcher Robert S
Role
VP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalents | 225 | $0.00 | -- |
| Exercise | Common Stock | 225 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,384 | $335.67 | $1.14M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalents — 0 shares (Direct);
Common Stock — 18,510 shares (Direct);
Common Stock — 162 shares (Indirect, 401(k))
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Stryker (SYK) report for Robert S. Fletcher?
Robert S. Fletcher reported exercising 225 dividend equivalent units into Stryker Common Stock and related tax withholding. The filing shows compensation-linked stock settlement and a non-market share disposition to satisfy tax obligations rather than an open-market purchase or sale.
What are Robert S. Fletcher’s Stryker (SYK) holdings after this Form 4?
After the reported transactions, Fletcher directly holds 15,126 Stryker Common Stock shares and indirectly holds 162 shares in a 401(k) plan. These figures reflect his reported ownership following the exercise of dividend equivalents and the related tax-withholding share disposition.
Were Robert S. Fletcher’s Stryker (SYK) transactions open-market trades?
No, the Form 4 shows compensation-related events and tax withholding, not open-market trades. Dividend equivalent units were converted into shares at no cost, and 3,384 shares were delivered to cover tax liabilities, classified under code F for tax-withholding disposition.
What is the significance of the dividend equivalents reported for Stryker (SYK)?
The 225 dividend equivalents represent additional shares tied to previously earned Performance Stock Units. They were issued in connection with performance-based awards that met criteria and vested on March 21, 2026, then were settled one-for-one in Stryker Common Stock for the reporting officer.