LEWIN NICHOLAS SHERIDAN 4
Research Summary
AI-generated summary
Establishment Labs (ESTA) Director Lewin Sheridan Receives 291 Shares
What Happened
- Lewin Nicholas Sheridan, a director of Establishment Labs Holdings, received 291 common shares on June 30, 2026 as an award/acquisition (code A). The shares were issued at $85.81 each, for a total value of $24,971, representing his election to take equity in lieu of a quarterly cash retainer.
Key Details
- Transaction date and price: 2026-06-30 at $85.81 per share.
- Total shares received: 291; total value: $24,971.
- Transaction type: Award/Grant (code A) — shares issued as director compensation under the Issuer's 2018 Equity Incentive Plan.
- Footnote: The shares were issued pursuant to Sheridan's prior election under the Issuer's Outside Director Compensation Policy and were determined based on the closing price on the last trading day of the quarter (F1).
- Beneficial ownership note: The filing indicates the shares are held by the reporting person’s spouse (F2).
- Filing timeliness: Form 4 was filed on 2026-07-01 for a 2026-06-30 transaction — a timely filing.
Context
- This was a routine director compensation election (shares received instead of cash), not an open-market purchase or sale. Such equity-in-lieu transactions are common for non-employee directors and do not necessarily indicate a change in insider sentiment. Shares held by a spouse are reported as part of the insider’s household holdings.