QuidelOrtho (QDEL) EVP nets stock after RSU vest and tax withholding
Rhea-AI Filing Summary
QuidelOrtho Corp executive Bryan Michael Hanson reported routine equity compensation and related tax withholding. On April 22, 3,508 restricted stock units previously reported on a Form 3 were released and converted into 3,508 shares of common stock. To cover tax withholding obligations, 1,269 shares were disposed of through the issuer’s share withholding at $11.90 per share, rather than an open‑market sale. Following these transactions, Hanson directly held 4,408 common shares. An additional 3,508 restricted stock units remain scheduled to vest on April 22, 2027, each representing the right to receive one share of QuidelOrtho common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,508 shares exercised/converted
Mixed
3 txns
Insider
Hanson Bryan Michael
Role
EVP Global Port. Mgmt & Mkting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,508 | $0.00 | -- |
| Grant/Award | Common Stock | 3,508 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,269 | $11.90 | $15K |
Holdings After Transaction:
Restricted Stock Units — 3,508 shares (Direct);
Common Stock — 4,408 shares (Direct)
Footnotes (1)
- Reflects release of restricted stock units that were previously reported on a Form 3. Disposition of shares, as set forth above, was in connection with the Issuer's withholding of common shares to satisfy tax withholding obligations related to the issuance of common shares upon release of restricted stock units. Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. 3,508 shares vested on April 22, 2026; the remaining 3,508 shares will vest on April 22, 2027.
Key Figures
RSUs vested and converted: 3,508 shares
Shares withheld for taxes: 1,269 shares
Tax withholding price: $11.90 per share
+2 more
5 metrics
RSUs vested and converted
3,508 shares
Restricted stock units released and converted to common stock on April 22, 2026
Shares withheld for taxes
1,269 shares
Issuer share withholding to satisfy tax obligations at $11.90 per share
Tax withholding price
$11.90 per share
Value used for 1,269 shares disposed for tax withholding
Shares held after transactions
4,408 shares
Directly held QuidelOrtho common stock following Form 4 transactions
Unvested RSUs remaining
3,508 units
Restricted stock units scheduled to vest on April 22, 2027
Key Terms
Restricted Stock Units, tax withholding obligations, grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote stating each unit represents one share"
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.
tax withholding obligations financial
"withholding of common shares to satisfy tax withholding obligations related to the issuance"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Form 3 regulatory
"Reflects release of restricted stock units that were previously reported on a Form 3."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did QuidelOrtho (QDEL) report for Bryan Michael Hanson?
QuidelOrtho reported that EVP Bryan Michael Hanson had 3,508 restricted stock units released and converted into common stock. To satisfy tax obligations on this vesting, 1,269 shares were withheld by the company, leaving him with 4,408 directly held common shares afterward.
Were Bryan Michael Hanson’s QuidelOrtho (QDEL) transactions open-market sales or purchases?
The transactions were not open-market trades. Shares were acquired through vesting of 3,508 restricted stock units and disposed of via 1,269 shares withheld by QuidelOrtho to cover tax obligations, a common non-market mechanism tied to equity compensation rather than discretionary buying or selling.
What are the key details of the restricted stock units reported by QuidelOrtho (QDEL)?
Each restricted stock unit represents the right to receive one share of QuidelOrtho common stock. On April 22, 2026, 3,508 RSUs vested and converted into shares, while another 3,508 RSUs remain scheduled to vest on April 22, 2027 as part of the same grant.