LEMAITRE VASCULAR INC·4

Mar 2, 9:12 PM ET

Ross Bridget A 4

Research Summary

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Lemaitre Vascular (LMAT) Director Bridget Ross Receives Award

What Happened

  • Bridget A. Ross, a director of Lemaitre Vascular, reported receipt of equity on Feb 26, 2026 tied to a Performance Share Unit (PSU) award. The filing shows 476 shares acquired as an award (476 shares @ $0.00, total $0).
  • The filing also records two derivative conversions (code M): one conversion acquiring 1 share @ $0.00 and one conversion disposing 1 share @ $0.00. The net effect reported is an increase of 476 shares from the PSU settlement. This was an award/settlement event, not an open‑market purchase or sale.

Key Details

  • Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
  • Reported amounts/prices: 476 shares (Award, A) at $0.00; 1 share acquired (M) at $0.00; 1 share disposed (M) at $0.00.
  • Net change: +476 shares reported from PSU settlement.
  • Shares owned after transaction: not disclosed in the excerpt provided.
  • Relevant footnotes:
    • F1: 476 shares were issued upon settlement of a PSU granted Dec 6, 2024; 1/3 vested upon satisfaction of the performance condition on 2/26/2026, the balance vests in equal annual installments on the grant anniversary over the next two years.
    • F2/F3: The 1-share derivative entries reflect release of dividend equivalent rights tied to the PSU (each dividend equivalent equals one share).
  • Transaction codes: A = award/grant; M = exercise/conversion of derivative.

Context

  • PSUs are conditional awards that convert to actual shares when performance and/or time conditions are met; this filing reflects settlement of vested PSUs rather than a market trade.
  • Dividend equivalent rights tied to the PSU were released and converted to shares on a one-for-one basis per the footnotes.
  • Because this was an award settlement (reported at $0.00), the filing does not show cash paid by the insider and should not be interpreted as an open‑market purchase or sale.