Shafer Michael D 4

What Happened
Michael D. Shafer, Executive Vice President of Thermo Fisher Scientific (TMO), sold 1,607 shares in an open-market/private sale on March 11, 2026 at $499.40 per share, generating proceeds of approximately $802,536. The Form 4 reports the disposition (transaction code S).

Key Details

• Transaction date: March 11, 2026; Report filed: March 12, 2026 (timely filing).
• Price and proceeds: 1,607 shares × $499.40 = ~$802,536.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt. See the full filing for post-transaction holdings.
• Footnote: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Shafer on December 11, 2025.
• Transaction type code: S = Sale (open market or private sale).

Context
A sale (S) is generally a disposition of shares and, when done under a pre-established 10b5-1 plan, indicates the trades were scheduled in advance rather than a discretionary, timed decision. Such planned sales are common and don't necessarily signal a change in an insider’s view of the company.