QuidelOrtho (QDEL) director settles 973 RSUs into common stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuidelOrtho Corp director Mary Lake Polan, Ph.D. reported compensation-related equity activity involving restricted stock units and common shares. On June 6, 2026, she exercised a total of 973 restricted stock units at $0.00 per unit, each converting into one share of common stock under the company’s program.
These releases were previously reported awards whose delivery was deferred under QuidelOrtho’s deferred compensation program for non-employee directors. Following these transactions, she held 20,442 shares of common stock directly and 17,353 shares indirectly through an LLC. The filing reflects routine director equity compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
973 shares exercised/converted
Mixed
5 txns
Insider
POLAN MARY LAKE PH D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Converted) | 749 | $0.00 | -- |
| Exercise | Restricted Stock Units (Premium) | 224 | $0.00 | -- |
| Grant/Award | Common Stock | 749 | $0.00 | -- |
| Grant/Award | Common Stock | 224 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Converted) — 0 shares (Direct, null);
Restricted Stock Units (Premium) — 0 shares (Direct, null);
Common Stock — 20,218 shares (Direct, null);
Common Stock — 17,353 shares (Indirect, By LLC)
Footnotes (1)
- Reflects release of restricted stock units that were previously reported on a Form 4. Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. Release of restricted stock units was deferred pursuant to QuidelOrtho's deferred compensation program applicable to participating non-employee directors and occurred according to the elected deferred schedule.
Key Figures
RSUs exercised (total): 973 units
RSUs exercised (award 1): 224 units
RSUs exercised (award 2): 749 units
+3 more
6 metrics
RSUs exercised (total)
973 units
Restricted stock units converted into common stock on June 6, 2026
RSUs exercised (award 1)
224 units
Restricted Stock Units (Premium) converted to common stock at $0.00
RSUs exercised (award 2)
749 units
Restricted Stock Units (Converted) converted to common stock at $0.00
Direct common shares after
20,442 shares
Direct ownership following June 6, 2026 transactions
Indirect common shares after
17,353 shares
Indirect ownership through LLC as of June 6, 2026
RSU conversion price
$0.00 per unit
Exercise or conversion price for reported restricted stock units
Key Terms
Restricted Stock Units, deferred compensation program, non-employee directors, indirect ownership, +1 more
5 terms
Restricted Stock Units financial
"Reflects release of restricted stock units that were previously reported on a Form 4."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred compensation program financial
"Release of restricted stock units was deferred pursuant to QuidelOrtho's deferred compensation program applicable to participating non-employee directors"
non-employee directors financial
"deferred compensation program applicable to participating non-employee directors and occurred according to the elected deferred schedule."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
indirect ownership financial
"total_shares_following_transaction 17353.0000, direct_or_indirect I, nature_of_ownership By LLC"
derivative exercise/conversion financial
"transaction_action derivative exercise/conversion, transaction_code_description Exercise or conversion of derivative security"
FAQ
What did QuidelOrtho (QDEL) director Mary Lake Polan report in this Form 4?
Director Mary Lake Polan, Ph.D. reported the release and conversion of previously granted restricted stock units into common shares, along with updated direct and indirect share holdings, as part of QuidelOrtho’s non-employee director equity compensation arrangements.
Are the QuidelOrtho Form 4 transactions open-market purchases or sales?
The transactions are not open-market trades. They reflect the exercise and release of previously granted restricted stock units and related common stock awards under QuidelOrtho’s deferred compensation program for non-employee directors, with no reported open-market buying or selling of shares.
What does the deferred compensation program mentioned for QuidelOrtho directors do?
The deferred compensation program allows participating non-employee directors to defer the release of restricted stock units. In this case, the RSU release occurred later according to an elected deferred schedule, converting into common shares at $0.00 under the elected deferral terms.
What is the significance of the Restricted Stock Units reported for QuidelOrtho (QDEL)?
Each restricted stock unit represents the right to receive one share of QuidelOrtho common stock. Their release and conversion in this Form 4 reflect routine director equity compensation vesting, updating the timing and form of ownership rather than signaling discretionary market trading activity.