CFO at Tandem Diabetes (NASDAQ: TNDM) logs RSU vesting, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tandem Diabetes Care EVP & CFO Leigh Vosseller reported the vesting and exercise of restricted stock units into common stock, along with related tax withholding transactions. On February 17, 2026, 1,503 and 1,495 restricted stock units were converted into common shares at $0.00 per share. To cover tax obligations, 619 and 616 common shares were withheld at $18.95 per share, and a footnote states that no shares were sold. Following these transactions, Vosseller held 39,411 common shares directly and 25,580 common shares indirectly through the Leigh A. Vosseller Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,998 shares exercised/converted
Mixed
7 txns
Insider
Vosseller Leigh
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,503 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,495 | $0.00 | -- |
| Exercise | Common Stock | 1,503 | $0.00 | -- |
| Tax Withholding | Common Stock | 619 | $18.95 | $12K |
| Exercise | Common Stock | 1,495 | $0.00 | -- |
| Tax Withholding | Common Stock | 616 | $18.95 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,503 shares (Direct);
Common Stock — 39,151 shares (Direct);
Common Stock — 25,580 shares (Indirect, Leigh A. Vosseller Trust)
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. The securities are held by the Leigh A. Vosseller Trust dated January 17, 2010, of which Leigh Vosseller is the Trustee. Awarded on May 25, 2023 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 5/15/2024, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter. Awarded on May 23, 2024 pursuant to the 2023 Plan. 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) CFO Leigh Vosseller report on this Form 4?
Leigh Vosseller reported RSU vesting, share issuance, and related tax withholding. Restricted stock units converted into common shares at $0.00 per share, and some shares were withheld at $18.95 solely to satisfy tax obligations, with a footnote clarifying that no shares were actually sold.
What is the CFO’s direct and indirect ownership in Tandem Diabetes Care (TNDM) after these transactions?
After the reported activity, the CFO directly held 39,411 common shares. An additional 25,580 common shares were reported as indirectly owned through the Leigh A. Vosseller Trust, where Vosseller serves as Trustee, consolidating both direct and trust-based positions in the ownership disclosure.
How are the reported Tandem Diabetes Care (TNDM) RSUs structured and vesting for the CFO?
The RSUs were granted under the 2023 Long-Term Incentive Plan. Footnotes describe vesting schedules where thirty-three percent of the RSUs vest on specified May 15 dates, with the remaining shares vesting in eight equal quarterly installments, aligning equity awards with multi-year service and performance.