LeMaitre George W 4

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.