Electromed (ELMD) CEO James Cunniff Forfeits 2,671 Shares

What Happened

• James L. Cunniff, CEO, President and Director of Electromed (ELMD), had 2,671 shares disposed on 2026-09-01 to satisfy tax withholding tied to vesting of restricted stock. The shares were valued at $27.10 each, for a total value of $72,384. This was a tax-withholding forfeiture (routine) rather than a market sale intended as an investment signal.

Key Details

• Transaction date and price: 2026-09-01 at $27.10 per share.
• Shares disposed: 2,671; total value of disposed shares: $72,384.
• Transaction type/code: F — payment of exercise price or tax liability (tax withholding on vesting).
• Footnote: F1 — shares were forfeited to satisfy tax withholding obligations in connection with vesting of previously awarded restricted stock.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form 4 filed 2026-09-03 (appears timely; Form 4 is generally due within two business days).

Context

• This was a tax withholding action related to vested restricted stock, a routine administrative transaction that does not necessarily indicate the insider's view on the company’s stock. It differs from an open-market sale or a purchase, which carry clearer signaling implications.