MiMedx (NASDAQ: MDXG) GC gains PSU shares, withholds some for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MIMEDX GROUP General Counsel and CAO William Frank Hulse IV received common shares through the vesting of performance stock units at $4.50 per share. A portion of the vested shares was withheld to cover tax obligations, leaving him with 563,440 directly owned shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hulse William Frank IV
Role
General Counsel and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 136,364 | $4.50 | $614K |
| Tax Withholding | Common Stock | 61,460 | $4.50 | $277K |
Holdings After Transaction:
Common Stock — 624,900 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 March 13. 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) executive William Frank Hulse IV report in this Form 4?
He reported vesting of performance stock units into common stock and related tax withholding. Shares were issued at $4.50 per share, and some were withheld to satisfy tax liabilities required by company policy.
Were the MIMEDX (MDXG) transactions an open-market buy or sell?
No, the transactions were not open‑market trades. They reflect automatic vesting of performance stock units and required share withholding to pay tax liabilities, rather than discretionary purchases or sales on the market.