Merit Medical Systems (MMSI) HR chief gets stock awards, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Merit Medical Systems’ chief human resources officer, Michel J. Voigt, reported equity awards and related tax withholding in company stock. On February 26, 2026, he received three stock awards totaling 31,101 shares of common stock at no purchase price, including restricted stock units and performance-based shares.
Footnotes state that two awards are restricted stock units vesting in scheduled installments, and one reflects earned performance stock units granted on February 28, 2023. Voigt then surrendered 6,698 shares back to the issuer at $78.02 per share to cover payroll and income taxes, with no open-market sale. Following these transactions, he directly held 46,127 common shares, plus additional non-qualified stock options and 15 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Voigt Michel J.
Role
CHIEF HUMAN RESOURCES OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, No Par Value | 7,690 | $0.00 | -- |
| Grant/Award | Common Stock, No Par Value | 6,409 | $0.00 | -- |
| Grant/Award | Common Stock, No Par Value | 17,002 | $0.00 | -- |
| Tax Withholding | Common Stock, No Par Value | 6,698 | $78.02 | $523K |
| holding | Non-qualified stock options (right to buy) | -- | -- | -- |
| holding | Non-qualified stock options (right to buy) | -- | -- | -- |
| holding | Non-qualified stock options (right to buy) | -- | -- | -- |
| holding | Common Stock, No Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock, No Par Value — 29,414 shares (Direct);
Non-qualified stock options (right to buy) — 2,420 shares (Direct);
Common Stock, No Par Value — 15 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Represents plan holdings as of 02/26/2026. Represents a grant of restricted stock units ("RSUs"). The RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting. Represents a grant of RSUs. The RSUs vest in two equal installments on each of the second and the third anniversaries of the grant date, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting. These shares were acquired upon a determination of the Company's Compensation and Talent Development Committee that certain conditions had been met for the issuance of such shares pursuant to performance stock units that were granted on 02/28/2023. The Reporting Person surrendered 6,698 shares of common stock to the Issuer for payroll and income taxes. No shares were sold in the open market. Become exercisable in equal annual installments of 25% commencing on 03/19/2022. Becomes exercisable in equal annual installments of 25% commencing 02/28/2023. Become exercisable in equal annual installments of 25% commencing on 02/28/2024.
FAQ
What insider transactions did MMSI executive Michel Voigt report?
Michel J. Voigt reported stock awards and related tax withholding in Merit Medical Systems shares. He received 31,101 common shares via equity awards and surrendered 6,698 shares back to the company to satisfy payroll and income tax obligations, with no open-market sale involved.
What is Michel Voigt’s Merit Medical stock ownership after these transactions?
After the reported transactions, Michel J. Voigt directly held 46,127 shares of Merit Medical common stock. He also had additional non-qualified stock options outstanding and 15 common shares held indirectly through a 401(k) plan, according to the Form 4 data and accompanying footnotes.
How do the RSU grants to MMSI’s CHRO vest over time?
The filing describes restricted stock units granted to Michel J. Voigt that vest in scheduled installments. One RSU grant vests in three equal annual installments, while another vests in two equal installments on the second and third anniversaries of the grant date, subject to continued service.
What are the performance stock units mentioned in the MMSI Form 4?
One line item reflects shares issued after the Compensation and Talent Development Committee determined conditions were met for performance stock units granted on February 28, 2023. These shares were delivered upon satisfaction of those performance criteria, increasing Michel J. Voigt’s common stock holdings.