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Dividend equivalents boost LeMaitre Vascular (LMAT) director stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LeMaitre Vascular director John James O'Connor reported grants of dividend equivalent rights linked to existing stock awards. On March 26, 2026, he acquired several small blocks of Dividend Equivalent Rights, each economically equivalent to one share of LeMaitre common stock.

The rights accrued on previously granted restricted stock unit and performance share unit awards from December 8, 2023, December 6, 2024, and December 10, 2025, and will vest proportionately with those underlying awards. These are compensation-related accruals rather than open‑market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider O'Connor John James
Role Director
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 0.394 $0.00 --
Grant/Award Dividend Equivalent Rights 0.472 $0.00 --
Grant/Award Dividend Equivalent Rights 0.643 $0.00 --
Grant/Award Dividend Equivalent Rights 0.728 $0.00 --
Grant/Award Dividend Equivalent Rights 1.208 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 4.602 shares (Direct)
Footnotes (1)
  1. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock. These dividend equivalent rights accrued on a performance share unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock. These dividend equivalent rights accrued on a performance share unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/10/2025 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
Dividend Equivalent Rights grant 0.3941 rights Accrued on prior stock award, March 26, 2026
Dividend Equivalent Rights grant 0.4720 rights Accrued on prior stock award, March 26, 2026
Dividend Equivalent Rights grant 0.6426 rights Accrued on prior stock award, March 26, 2026
Dividend Equivalent Rights grant 0.7276 rights Accrued on prior stock award, March 26, 2026
Dividend Equivalent Rights grant 1.2077 rights Accrued on prior stock award, March 26, 2026
Dividend Equivalent Rights financial
"These dividend equivalent rights accrued on a restricted stock unit award granted on 12/8/2023"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock unit award financial
"These dividend equivalent rights accrued on a restricted stock unit award granted on 12/6/2024"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
performance share unit award financial
"These dividend equivalent rights accrued on a performance share unit award granted on 12/8/2023"
economic equivalent of one share financial
"Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
O'Connor John James
(Last)(First)(Middle)
C/O LEMAITRE VASCULAR, INC.
63 SECOND AVENUE
(Street)
BURLINGTON MASSACHUSETTS 01803
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LEMAITRE VASCULAR INC [ LMAT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)03/26/2026A0.3941 (1) (1)Common Stock0.3941$04.6016D
Dividend Equivalent Rights(2)03/26/2026A0.472 (2) (2)Common Stock0.472$04.3113D
Dividend Equivalent Rights(3)03/26/2026A0.6426 (3) (3)Common Stock0.6426$03.5389D
Dividend Equivalent Rights(4)03/26/2026A0.7276 (4) (4)Common Stock0.7276$03.6239D
Dividend Equivalent Rights(5)03/26/2026A1.2077 (5) (5)Common Stock1.2077$01.2077D
Explanation of Responses:
1. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
2. These dividend equivalent rights accrued on a performance share unit award granted on 12/8/2023 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
3. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
4. These dividend equivalent rights accrued on a performance share unit award granted on 12/6/2024 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
5. These dividend equivalent rights accrued on a restricted stock unit award granted on 12/10/2025 and vest proportionately with such award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
/s/ Laurie A. Churchill, Attorney-in-fact03/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LeMaitre Vascular (LMAT) director John James O'Connor report in this Form 4?

He reported the acquisition of small Dividend Equivalent Rights tied to prior stock awards. These rights are compensation-related accruals, not open-market trades, and are economically equivalent to common shares when they vest with the underlying units.

How many Dividend Equivalent Rights did the LeMaitre (LMAT) director receive?

He received several small grants, including 0.3941, 0.4720, 0.6426, 0.7276, and 1.2077 Dividend Equivalent Rights. Each right represents the economic value of one LeMaitre common share when the related stock unit vests.

What are Dividend Equivalent Rights in the context of LeMaitre Vascular (LMAT)?

Dividend Equivalent Rights give holders the economic value of dividends on underlying stock units. For LeMaitre, each right is the economic equivalent of one common share and accrues and vests alongside restricted stock unit and performance share unit awards.

Which LeMaitre (LMAT) awards generated these Dividend Equivalent Rights for the director?

The rights accrued on restricted stock unit and performance share unit awards granted on December 8, 2023, December 6, 2024, and December 10, 2025. They vest proportionately with these earlier equity awards over their respective schedules.

Do these LeMaitre (LMAT) Form 4 transactions involve open-market stock purchases or sales?

No, they reflect grant/award acquisitions of Dividend Equivalent Rights, not open-market trades. The director did not buy or sell shares in the market; instead, he accrued additional compensation linked to prior stock-based awards.

How do the Dividend Equivalent Rights reported by LeMaitre (LMAT) director vest?

They vest proportionately with the underlying restricted stock unit and performance share unit awards. As those original awards vest over time, the associated Dividend Equivalent Rights vest alongside them, delivering economic value similar to common stock dividends.