LeMaitre George W 4
4 · LEMAITRE VASCULAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
LeMaitre Vascular (LMAT) CEO George LeMaitre Sells Shares
What Happened
George W. LeMaitre, Chairman and CEO of LeMaitre Vascular (LMAT), disposed of the bulk of the reported shares in late Feb/early Mar 2026. The largest sales were 150,000 shares on 2026-02-26 (weighted avg price $106.76; proceeds $16,013,355) and 55,930 shares on 2026-03-02 (weighted avg price $107.81; proceeds $6,030,020). In connection with PSU vesting and related items, he also had 5,609 shares acquired (PSU settlement), a small exercise/conversion of 13 derivative shares, 496 shares withheld to cover taxes (disposed, $56,390), and a gift of 5,000 shares (no proceeds). Total cash proceeds from the reported sales are roughly $22.1M. These are dispositions (not purchases), and several sales were executed under a pre-established 10b5‑1 plan or for tax-withholding purposes.
Key Details
- Transaction dates: 2026-02-26 (primary sale of 150,000 shares and PSU settlement) and 2026-03-02 (sale of 55,930 shares and 5,000‑share gift).
- Reported prices/ranges: 150,000-share sale weighted avg $106.76 (trades ranged $103.05–$113.50, per footnote); 55,930-share sale weighted avg $107.81 (trades ranged $106.95–$109.49).
- Proceeds: ~$16.01M (150,000) + ~$6.03M (55,930) + $56,390 (496 shares withheld) ≈ $22.10M. Gift and some derivative items had no cash proceeds.
- Shares acquired: 5,609 shares from PSU vesting (PSU granted 12/6/2024; vested 25% on 2/26/2026; remaining vests over next 3 years). Dividend equivalent rights released on a one-for-one basis.
- Tax/treatment notes: 496 shares were withheld to satisfy tax withholding on PSU vesting (exempt sale under Rule 16b‑3(e)). The 150,000‑share sale was made pursuant to a 10b5‑1 plan adopted 03/10/2025. The 5,000‑share gift was to an irrevocable trust for the benefit of his children (reporting person disclaims ownership).
- Derivatives: Small exercise/conversion entries (13 shares) reported; effectively de minimis.
- Filing timeliness: Form 4 filed 2026-03-02 for transactions dated 02/26 and 03/02 — appears timely under the two-business-day filing rule.
Context
- Sales vs. buys: These are disposals (S/G/F) — not a buy signal. Large insider sales can be routine (pre‑set 10b5‑1 plan, tax withholding, PSU vesting) and do not necessarily indicate a change in view on the company.
- PSUs and dividends: The 5,609 shares were from vested Performance Share Units (PSUs); dividend equivalents tied to those PSUs were released as shares. Tax‑withholding and immediate share withholding are common on PSU vesting.
- Gift to trust: Gifts to family trusts are common estate/planning moves and do not necessarily reflect trading sentiment.
- Derivative activity: Small option/derivative conversions were reported; no material cash impact.
If you want, I can pull the full Form 4 text or compute exact post‑transaction holdings if the filing shows total beneficial ownership.
Insider Transaction Report
Form 4
LeMaitre George W
DirectorChairman and CEO
Transactions
- Sale
Common Stock
[F1][F2]2026-02-26$106.76/sh−150,000$16,013,355→ 1,532,304 total - Award
Common Stock
[F3]2026-02-26+5,609→ 1,537,913 total - Exercise/Conversion
Common Stock
[F4]2026-02-26+13→ 1,537,926 total - Tax Payment
Common Stock
[F5]2026-02-26$113.69/sh−496$56,390→ 1,537,430 total - Gift
Common Stock
2026-03-02−5,000→ 1,532,430 total - Sale
Common Stock
[F6]2026-03-02$107.81/sh−55,930$6,030,020→ 1,476,500 total - Exercise/Conversion
Dividend Equivalent Rights
[F8]2026-02-26−13→ 32.87 total→ Common Stock (13 underlying)
Holdings
- 33,400(indirect: By Trust)
Common Stock
[F7]
Footnotes (8)
- [F1]Sold pursuant to a 10b5-1(c) plan adopted 03-10-2025.
- [F2]The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $103.05 to $113.50. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and price at which the transaction was effected.
- [F3]These shares represent LMAT common stock acquired on February 26, 2026, upon settlement of a Performance Share Unit (PSU) award granted on December 6, 2024. The PSU award vested 25% upon determination of satisfaction of the performance condition (on 2/26/2026), and the balance vests in equal annual installments on the grant date anniversary over the next three years.
- [F4]Represents shares acquired upon release of dividend equivalent rights, as reported in Table II, on a one-for-one basis.
- [F5]These shares represent shares withheld by the Issuer to satisfy tax withholding obligations incurred upon the vesting of PSUs awarded to the reporting person on December 6, 2024. This transaction is considered an exempt sale pursuant to Rule 16b-3(e) promulgated under the Securities Exchange Act of 1934.
- [F6]The price reported in Column 4 is a weighted average price. The transaction was executed in multiple trades ranging from $106.95 to $109.49. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and price at which the transaction was effected.
- [F7]These shares are held by an irrevocable trust for the benefit of Reporting Person's child(ren). The Reporting Person disclaims ownership of such securities except to the extent of his pecuniary interest therein, if any, and the reporting herein of such securities shall not be construed as an admission of beneficial ownership thereof for the purposes of Section 16 or for any other purpose.
- [F8]These dividend equivalent rights were released in connection with the vesting of a PSU award granted on December 6, 2024. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock.
Signature
/s/ Laurie A. Churchill, Attorney-in-fact|2026-03-02