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STRYKER CORP·4

May 12, 4:37 PM ET

Fink M Kathryn 4

Research Summary

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Stryker (SYK) VP Kathryn Fink Exercises Options, Sells Shares

What Happened
Kathryn Fink, Vice President and Chief Human Resources Officer at Stryker, exercised stock options on May 8, 2026 and subsequently had shares withheld to cover exercise-related obligations, then sold additional shares in the open market on May 11, 2026. She exercised 9,732 options at $154.14 (cost $1,500,090) and 11,850 options at $179.35 (cost $2,125,298), for a total of 21,582 shares acquired. To cover taxes/exercise obligations, 16,362 shares were surrendered/withheld (value reported $4,814,191). Separately, she sold 5,220 shares at $283.85 ($1,481,671) and 3,500 shares at $283.45 ($992,085) on May 11, 2026 (open-market proceeds about $2,473,756).

Key Details

  • Transaction dates and prices:
    • May 8, 2026: Exercised 9,732 options @ $154.14 (acquired) and 11,850 options @ $179.35 (acquired).
    • May 8, 2026: 16,362 shares disposed to satisfy exercise price/tax withholding (reported value $4,814,191).
    • May 11, 2026: Open-market sales of 5,220 shares @ $283.85 and 3,500 shares @ $283.45 (total proceeds ~$2.47M).
  • Shares acquired via exercise: 21,582. Shares sold in open market: 8,720. Shares withheld for taxes/exercise: 16,362.
  • Shares owned after the transactions: not specified in the filing summary provided.
  • Footnotes of note:
    • F1: Includes 128 ESPP shares as of Mar 31, 2026.
    • F2: Some previously owned shares were transferred to a Living Trust on Mar 26, 2026.
    • F3: The exercised options were from the 2011 Long-Term Incentive Plan and vest 20% per year (standard option grant schedule).
  • Filing timeliness: Report filed May 12, 2026 reporting transactions from May 8–11, 2026; the Form 4 did not indicate a late-filing flag.

Context

  • This appears to be a routine option exercise with a cashless element: shares were exercised and a portion (16,362) were surrendered/withheld to cover the exercise price and related tax liabilities, and some shares were sold in the open market for cash proceeds. That pattern is common when executives exercise vested options.
  • The open-market sales generated about $2.47M in proceeds; the exercise required roughly $3.63M in cash to acquire the shares before withholding. These transactions are factual disclosures and do not by themselves indicate insider sentiment.