SHADAN MARTHA 4
4 · LEMAITRE VASCULAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
LeMaitre Vascular Director Martha Shadan Receives 476 Shares
What Happened
Martha Shadan, a director of LeMaitre Vascular, received 476 shares of LMAT common stock on February 26, 2026 upon settlement of a Performance Share Unit (PSU) award. The reported transactions show 476 shares acquired at $0.00 (award settlement) and two small derivative conversions (one share acquired at $0.00 and one derivative share disposed at $0.00).
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
- Reported items: 476 shares acquired (code A — award/settlement); exercise/conversion entries (code M) showing 1 share acquired and 1 share disposed (both $0.00). Total cash value reported for these transactions: $0.
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: F1 — 476 shares came from a PSU grant made Dec 6, 2024; 1/3 vested upon satisfaction of the performance condition on 2/26/2026, remaining shares vest in equal annual installments on the grant anniversary over the next two years. F2/F3 — dividend equivalent rights were released on a one-for-one basis and converted into shares; each dividend equivalent equals one share.
- No 10b5-1 plan, tax withholding, or other special plan direction is stated in the filing.
Context
This was an award settlement tied to performance-based PSUs, a routine form of equity compensation for insiders rather than an open-market buy or sell. The small exercise/conversion/disposition entries reflect derivative settlement activity reported on the form; the filing does not explain the reason for the one-share disposition (filings sometimes show small disposals for tax withholding but no such note is provided here). Awards being received are informative about compensation but are not a direct market purchase signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+476→ 2,961 total - Exercise/Conversion
Common Stock
[F2]2026-02-26+1→ 2,962 total - Exercise/Conversion
Dividend Equivalent Rights
[F3]2026-02-26−1→ 2.896 total→ Common Stock (1 underlying)
Footnotes (3)
- [F1]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 1/3 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 two years.
- [F2]Represents shares acquired upon release of dividend equivalent rights, as reported in Table II, on a one-for-one basis.
- [F3]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.