McPherron Aviva 4

What Happened

• Aviva McPherron, President, Global Operations & Quality at Orthofix (OFIX), disposed of 2,559 shares in two open-market sell transactions tied to the settlement of restricted stock units (RSUs).
  • 2026-03-04: 1,296 shares at $12.92 — proceeds $16,740 (weighted-price range reported 12.80–13.03).
  • 2026-03-05: 1,263 shares at $12.55 — proceeds $15,852 (weighted-price range reported 12.48–12.72).
• Total proceeds: approximately $32,592. These sales were sell-to-cover transactions to satisfy tax withholding on vested RSUs, not discretionary trades.

Key Details

• Transaction codes: S = Sale; these were not purchases.
• Dates: March 4 and March 5, 2026; Form 4 filed March 6, 2026 (timely).
• Shares owned after transaction: not explicitly stated in the filing; filing notes inclusion of 54,692 previously reported RSUs.
• Footnotes:
  • F1 — Sales were to satisfy tax withholding on RSU settlement per a board-approved sell-to-cover requirement; sale made without the reporting person's discretion.
  • F2/F4 — Prices are weighted averages; ranges given for the multiple executions.
  • F3 — Reference to 54,692 previously reported restricted stock units.

Context

• These were routine sell-to-cover transactions tied to compensation (RSU vesting) and are generally administrative (to cover taxes), not a clear signal of insider sentiment. Purchases would carry more weight as a bullish signal; this filing documents tax-related disposals executed under a pre-existing mandate.