LeBlanc Dorian Paul 4

What Happened Dorian Paul LeBlanc, Chief Financial Officer of LEMAITRE VASCULAR, reported transactions tied to the vesting of restricted stock units (RSUs) on March 10, 2026. He had 96 shares withheld by the company to cover tax withholding at a reported value of $109.20 per share, totaling about $10,483 (disposition, code F). In addition, 2 dividend-equivalent rights were converted into 2 shares (acquired, code M); those 2 derivative-related shares are also reported as disposed (code M) at $0 in the filing (reporting mechanics related to the conversion/release).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
• Withheld shares: 96 shares @ $109.20 = $10,483 (reported as disposition to satisfy tax withholding; code F).
• Dividend-equivalent conversion: 2 shares acquired via conversion of dividend-equivalent rights (code M); the filing also lists 2 derivative shares as disposed at $0 (reporting mechanics).
• Footnotes: Withheld shares relate to RSUs granted March 10, 2025 and the withholding is treated as an exempt sale under Rule 16b-3(e) (F2). Dividend equivalents were released on vesting and converted one-for-one into shares (F1, F3).
• Shares owned after the transactions: not disclosed in the provided excerpt.

Context This is a routine, non-market-driven transaction: shares were withheld to pay taxes upon RSU vesting (common practice and treated as an exempt sale under Rule 16b-3). The conversion of dividend-equivalent rights into shares reflects the economic settlement of dividends tied to RSUs. These actions do not necessarily signal insider sentiment about the company’s stock price.