Tandem Diabetes COO adds shares via RSU; tax withholding applied
Rhea-AI Filing Summary
Tandem Diabetes Care (TNDM) reported insider activity by EVP & Chief Operating Officer Jean-Claude Kyrillos. On 10/15/2025, 3,636 shares of common stock were acquired at $0 upon the vesting and settlement of restricted stock units (RSUs), coded “M.” The company withheld 1,301 shares at $14.75 (code “F”) to satisfy tax obligations; no shares were sold.
Following these transactions, the officer directly owns 22,384 common shares. The RSUs were granted on July 15, 2024 under the company’s 2023 Long‑Term Incentive Plan. Each RSU represents the right to receive one share or cash at the company’s discretion. The award vests 33% on 7/15/2025, with the remainder vesting in eight equal quarterly installments thereafter.
Positive
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Negative
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Insights
Routine RSU vesting with tax withholding; no open-market sale.
The officer received 3,636 shares via RSU settlement (code M) at $0, reflecting standard equity compensation mechanics. The company withheld 1,301 shares at $14.75 (code F) to cover taxes, which is common for time‑based RSU vesting.
Post‑transaction direct ownership is 22,384 common shares. The RSU grant from July 15, 2024 vests 33% on July 15, 2025, with remaining tranches in eight quarterly installments, aligning with a typical retention schedule. No proceeds were generated from a sale; any market impact depends on future vesting and holder decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,636 | $0.00 | -- |
| Exercise | Common Stock | 3,636 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,301 | $14.75 | $19K |
Footnotes (1)
- Shares withheld by Tandem Diabetes Care, Inc. (the Company) to satisfy tax withholding requirements on vesting of restricted stock units (RSU). No shares were sold. Awarded on July 15, 2024 pursuant to the Tandem Diabetes Care, Inc. 2023 Long-Term Incentive Plan, as amended, and agreements related thereto (the 2023 Plan). Each RSU represents a contingent right to receive either one share of common stock of the Issuer or cash in lieu thereof, at the Issuer's discretion, in accordance with the terms of the 2023 Plan. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 7/15/2025, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter.