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Vericel Corp·4

Feb 20, 4:06 PM ET

Halpin Michael 4

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Vericel (VCEL) COO Michael Halpin Exercises RSUs; Shares Withheld

What Happened Michael Halpin, Chief Operating Officer of Vericel Corporation (VCEL), had restricted stock units (RSUs) convert into 9,075 shares on February 18, 2026 (5,250 + 3,825 shares). To satisfy tax withholding, 4,298 of those shares were withheld/disposed (2,486 shares at $36.82 = $91,535; 1,812 shares at $37.41 = $67,787; total ≈ $159,322). On February 19, 2026 Halpin was also granted derivative awards (RSUs) for 52,500 and 21,000 units that are subject to future vesting.

Key Details

  • Transaction dates: vesting/conversion and withholding on 2026-02-18; new grants 2026-02-19.
  • Vested/converted: 9,075 shares acquired (RSU settlement) at $0 consideration (compensation).
  • Withheld/disposed for taxes: 4,298 shares (2,486 @ $36.82; 1,812 @ $37.41) totaling ≈ $159,322. Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to satisfy tax liability.
  • New grants: 52,500 and 21,000 RSUs granted on 2026-02-19 (derivative awards, $0 consideration).
  • Relevant footnotes: F3 confirms shares were withheld to satisfy tax withholding; F5 confirms each RSU = 1 share; F7/F8 list the fair market values used for the withholding calculations; F10 describes annual vesting for the Feb 19 RSUs beginning Feb 19, 2027; F9 notes an alternate award vesting schedule (quarterly vesting beginning Feb 19, 2026) referenced in the filing. F1/F4 reference origin dates of prior RSU grants.
  • Shares owned after the reported transactions: not specified in the filing excerpt provided.
  • Filing timing: Form 4 was filed Feb 20, 2026 reporting Feb 18 transactions; the filing does not indicate a late filing.

Context These transactions reflect executive compensation mechanics (RSUs vesting and tax-withholding via share surrender), not an open-market purchase or deliberate sale of shares. Withheld shares to cover taxes are routine and do not necessarily signal a change in insider sentiment. The Feb 19 grants are future-vesting RSUs (not immediately tradable) with vesting schedules noted in the footnotes.