Balachandran Madhavan 4

What Happened
Balachandran Madhavan, a director of Stevanato Group S.p.A., received an equity award of 4,975 ordinary shares on 2026-06-12 (grant, $0.00 per share). He subsequently sold 1,493 shares in an open-market transaction on 2026-06-15 at $17.09 per share, generating proceeds of approximately $25,515. The sale was reported as a disposal tied to tax obligations associated with the grant.

Key Details

• Transactions: Award (A) — 4,975 shares @ $0.00 on 2026-06-12; Sale (S) — 1,493 shares @ $17.09 on 2026-06-15 (proceeds ~$25,515).
• Footnotes: F1 — shares granted as equity compensation for director service; F2 — shares sold to cover taxes on the grant.
• Shares owned after the transactions: Not disclosed in the filing.
• Filing date: 2026-06-26 (the Form 4 was filed 14 days after the initial grant date, which is later than the typical 2-business-day Form 4 deadline).

Context
The grant is compensation (not a market purchase) and the partial sale was to meet tax withholding obligations — a common, routine occurrence when equity awards vest. This pattern usually reflects administrative tax-related selling rather than a directional view on the company’s stock.