Tandem Diabetes (TNDM) legal chief reports RSU vesting and tax-share withholding
Rhea-AI Filing Summary
Tandem Diabetes Care executive vice president and chief legal officer Shannon Marie Hansen reported equity award activity involving restricted stock units and common stock. On February 17, 2026, several RSU awards vested and were converted into common shares at no exercise price.
Across these transactions, Hansen acquired common stock through derivative exercises coded "M" and had portions of the newly delivered shares withheld, coded "F", to cover tax obligations at $18.95 per share, with a footnote stating no shares were sold in the market. Following these movements, she directly held 23,276 shares of common stock. An additional 1,935 shares were reported as held indirectly through the Shannon M. Hansen Trust, where she serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 531 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,437 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,097 | $0.00 | $0.00 |
| Exercise | Common Stock | 531 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 219 | $18.95 | $4K |
| Exercise | Common Stock | 1,437 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 592 | $18.95 | $11K |
| Exercise | Common Stock | 1,097 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 452 | $18.95 | $9K |
| holding | Common Stock | -- | -- | -- |
Footnotes (10)
- F1. 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.
- F2. The securities are held by the Shannon M. Hansen Trust dated July 8, 2003, of which Shannon M. Hansen is the Trustee.
- F3. Awarded on February 15, 2022 pursuant to the Tandem Diabetes Care Inc. 2013 Stock Incentive Plan, as amended, and the agreements related thereto (the 2013 Plan).
- F4. 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 2013 Plan.
- F5. RSU vest as to twenty-five percent (25%) of the total number of shares subject to the RSU on 2/15/2023, and the remaining shares shall vest in twelve (12) equal quarterly installments thereafter.
- F6. Awarded on May 25, 2023 pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan (the 2023 Plan).
- F7. 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.
- F8. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 5/15/2024, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter.
- F9. Awarded on May 23, 2024 pursuant to the 2023 Plan.
- F10. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 5/15/2025, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter.
FAQ
What did Tandem Diabetes Care (TNDM) executive Shannon Hansen report on this Form 4?
What do the transaction codes M and F mean in this Tandem Diabetes Care Form 4?
What plans governed the RSU awards reported by Tandem Diabetes Care EVP Shannon Hansen?
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