MiMedx (NASDAQ: MDXG) CFO updates stake after PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MiMedx Group Chief Financial Officer Doug Rice reported equity compensation activity tied to performance stock units (PSUs). On the reported date, he acquired 243,000 shares of common stock at $4.50 per share upon vesting of PSUs covering the performance period from January 1, 2023 to December 31, 2025.
In connection with this vesting, 96,363 shares were disposed of at $4.50 per share to satisfy tax obligations, with shares withheld as required by company policy rather than sold on the open market. After these transactions, Rice directly held 412,315 shares of MiMedx common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DOUG RICE
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 243,000 | $4.50 | $1.09M |
| Tax Withholding | Common Stock | 96,363 | $4.50 | $434K |
Holdings After Transaction:
Common Stock — 508,678 shares (Direct)
Footnotes (1)
- Represents the payout of shares as a result of the vesting of performance stock units (PSUs) for the performance period from January 1, 2023 to December 31, 2025. The PSUs were granted on July 5, 2023. The reported shares were sold in connection with the vesting of performance stock units (PSUs), as required by company policy, with shares withheld for payment of tax liability upon vesting.
FAQ
What did MiMedx (MDXG) CFO Doug Rice report in this Form 4?
MiMedx CFO Doug Rice reported PSU-related equity activity. He received 243,000 common shares from performance stock unit vesting and had 96,363 shares withheld to cover tax obligations, all under company policy as compensation rather than open-market trading.
What performance period did the MiMedx (MDXG) PSUs cover for the CFO?
The performance stock units that vested for Doug Rice covered the period from January 1, 2023 to December 31, 2025. These PSUs were originally granted on July 5, 2023, and vested based on that multi-year performance timeframe.
How were taxes handled on the MiMedx (MDXG) PSU vesting for the CFO?
Taxes were satisfied by withholding 96,363 shares in connection with the PSU vesting. Footnotes explain this withholding was required by company policy and used for tax liability payment, rather than being discretionary market sales by the CFO.