Pellegrino Joseph P JR 4

What Happened

• Joseph P. Pellegrino Jr., a director of LeMaitre Vascular, received 1,893 shares of LMAT common stock on February 26, 2026 upon settlement of a Performance Share Unit (PSU) award. The shares were issued at $0.00 (award settlement).
• The filing also reports conversion/exercise entries for 4 shares acquired and a separate derivative disposition of 4 shares (each at $0.00). Footnotes link these small share movements to dividend-equivalent rights released in connection with the PSU vesting.

Key Details

• Transaction date: 2026-02-26. Filing date (Form 4): 2026-03-02.
• Primary transaction: 1,893 shares acquired at $0.00 (PSU settlement).
• Additional derivative entries: 4 shares acquired and 4 shares disposed (both reported at $0.00); footnotes indicate these represent dividend equivalent rights released on a one-for-one basis.
• Footnotes of note:
  • F1: PSU granted 12/06/2024; 25% vested upon satisfaction of the performance condition (2/26/2026); remaining awards vest in equal annual installments over the next three years.
  • F2/F3: Small share movements are dividend-equivalent rights released when the PSU vested; each such right equals the economic equivalent of one common share.
• Shares owned after the transactions are not specified in the provided excerpt of the filing.

Context

• This was an award/settlement transaction (not an open-market buy or sale). Awards at $0 are typical for vested equity compensation; their market value equals the company share price on the settlement date (not provided here).
• The small derivative entries reflect dividend-equivalent payments tied to the PSU vesting rather than separate market trades. No indication in the provided data that this filing was late.