Cousin Laetitia 4
Research Summary
AI-generated summary
Insulet (PODD) SVP Laetitia Cousin Receives Award, Withholds Shares
What Happened
- Laetitia Cousin, SVP, Regulatory, Quality & Compliance at Insulet (PODD), had 1,808 Performance Share Units (PSUs) settle into common stock on 2026-02-12 (one-for-one). Simultaneously, 564 of those shares were withheld to satisfy tax obligations at a per-share value of $240.82, representing approximately $135,822. The award is not a market purchase — it’s compensation vesting rather than a directional buy or sell.
Key Details
- Transaction dates: 2026-02-12 (PSU settlement and tax withholding); Form 4 filed 2026-02-17 (filed 5 days after the transaction).
- Award: 1,808 shares issued upon satisfaction of PSU performance criteria (settled 1:1) — coded A (award/grant).
- Withholding: 564 shares withheld to cover tax liability at $240.82/share = $135,822 — coded F (tax withholding/payment).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — PSUs settled into common stock one-for-one. F2 — the 564-share transaction reflects withholding to cover taxes.
- Timeliness: Filing appears delayed (filed 2026-02-17 for a 2026-02-12 transaction); Form 4s are generally due within 2 business days, so this may be late.
Context
- This was a compensation-related issuance (PSU vesting) with routine tax-withholding, not an open-market sale or purchase. Withholding of shares to satisfy taxes is common and does not necessarily indicate the insider’s view on the company’s stock.