OrthoPediatrics (KIDS) counsel gets 47,380-share grant, sells 8,614
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OrthoPediatrics Corp General Counsel Daniel J. Gerritzen reported compensation-related stock activity. On March 15, he acquired 47,380 shares of common stock as a grant or award at $0.00 per share. On March 16, he sold 8,614 shares at $17.25 per share.
According to a footnote, the shares sold on March 16 were used to satisfy tax-withholding obligations tied to the vesting of restricted shares, rather than a discretionary sale. After these transactions, he directly holds 149,533 shares of common stock, which includes restricted stock awards totaling 121,054 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,614 shares ($148,592)
Net Sell
2 txns
Insider
Gerritzen Daniel J
Role
General Counsel and Secretary
Sold
8,614 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,614 | $17.25 | $149K |
| Grant/Award | Common Stock | 47,380 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 149,533 shares (Direct)
Footnotes (1)
- Shares sold to satisfy tax withholding obligations upon vesting of restricted shares. Includes restricted stock awards totaling 121,054 shares.
FAQ
What insider transactions did OrthoPediatrics (KIDS) General Counsel report?
Daniel J. Gerritzen reported a stock grant and a related sale. He received 47,380 common shares as a grant on March 15 and sold 8,614 shares at $17.25 on March 16 to cover tax obligations.
What type of stock award did OrthoPediatrics (KIDS) grant to its General Counsel?
He received a grant or award of 47,380 shares of common stock on March 15 at $0.00 per share. This reflects equity-based compensation rather than an open-market purchase funded with personal cash.
Is the OrthoPediatrics (KIDS) insider sale part of routine tax withholding?
Yes. A footnote states the 8,614 shares sold on March 16 were used to satisfy tax withholding obligations from restricted share vesting, suggesting a routine, compensation-related transaction instead of a discretionary sale driven by market views.
Does Daniel J. Gerritzen still have significant equity exposure to OrthoPediatrics (KIDS)?
He continues to hold 149,533 common shares directly, including 121,054 restricted shares. This indicates a substantial ongoing equity stake tied to both current ownership and the future vesting of stock-based compensation awards.