Vericel (VCEL) CEO logs RSU vesting, phantom stock deferral and tax shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vericel Corp President and CEO Dominick Colangelo reported equity award vesting and related share movements. On February 24, 2026, he acquired a total of 36,500 shares of common stock through the exercise or conversion of restricted stock units, with a portion converted into phantom stock units and deferred under Vericel’s Deferred Compensation Plan. The company withheld 8,824 shares of common stock at a fair market value of $38.09 per share to cover tax obligations tied to the vesting. After these transactions, Colangelo directly owned 312,446 shares of Vericel common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
36,500 shares exercised/converted
Mixed
5 txns
Insider
Colangelo Dominick
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 18,250 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 18,250 | $0.00 | -- |
| Exercise | Common Stock | 18,250 | $0.00 | -- |
| Exercise | Common Stock | 18,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,824 | $38.09 | $336K |
Holdings After Transaction:
Restricted Stock Unit — 36,500 shares (Direct);
Common Stock — 303,020 shares (Direct)
Footnotes (1)
- The Restricted Stock Units (RSUs) converted to phantom stock units and are deferred under the Vericel Corporation Deferred Compensation Plan. The units will be payable only in shares of Common Stock upon the Reporting Person's elected Benefit Distribution Date. The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on February 22, 2024. The remaining RSUs will vest on February 22, 2027, and February 22, 2028, respectively. Upon the vesting of RSUs granted to the Reporting Person on February 22, 2024, the Reporting Person deferred the receipt of 18,250 shares of Common Stock and instead received 18,250 shares of Phantom Stock pursuant to the Vericel Corporation Deferred Compensation Plan. These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c). The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on February 20, 2025. The remaining RSUs will vest on February 20, 2027, February 20, 2028, and February 20, 2029, respectively. These shares were withheld by the Issuer to satisfy the tax withholding requirements in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of common stock of Vericel Corporation. No expiration date for this type of award. The Fair Market Value of the vested derivative securities is $38.09 per share.
FAQ
What did Vericel (VCEL) CEO Dominick Colangelo report in this Form 4?
Dominick Colangelo reported the vesting and exercise of restricted stock units into Vericel common shares, partial deferral into phantom stock units, and shares withheld to cover tax obligations. These movements reflect equity compensation mechanics rather than open-market share purchases or sales.
Were any of the Vericel (VCEL) CEO’s reported dispositions open-market stock sales?
No, the only disposition reported was a tax-withholding transaction coded “F,” where 8,824 shares were withheld by Vericel to satisfy tax requirements from RSU vesting. This represents a non-market disposition, not a voluntary open-market sale of shares by the CEO.
What was the fair market value used for Vericel (VCEL) RSU vesting in this Form 4?
The vested derivative securities tied to Vericel restricted stock units used a fair market value of $38.09 per share. This value applied in calculating the share amount withheld to satisfy tax obligations when the restricted stock units vested into common stock.
How were Vericel (VCEL) CEO’s restricted stock units treated under the Deferred Compensation Plan?
Some vested restricted stock units converted into phantom stock units and were deferred under Vericel’s Deferred Compensation Plan. These phantom units will be payable only in shares of common stock on the CEO’s elected benefit distribution date, rather than immediately upon vesting.
Do the Vericel (VCEL) Form 4 transactions involve multiple RSU grant dates?
Yes, the filing references RSUs granted on February 22, 2024 and February 20, 2025. Portions of these awards vested on February 24, 2026, while remaining RSUs are scheduled to vest in future years, including 2027, 2028, and 2029, according to the grant terms.