Lloyd Brian G. 4

What Happened

• Brian G. Lloyd, Chief Legal Officer and Secretary of Merit Medical Systems, received equity awards (grants) totaling 33,665 shares on 2026-02-26 (three separate awards of 10,254; 6,409; and 17,002 shares; acquisition price $0.00). On the same date he surrendered 5,778 shares to the company to satisfy payroll and income tax withholding obligations at $78.02 per share, a withholding value of $450,800. This was an award/grant (A) and a tax-withholding disposition (F), not an open-market sale.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (filed within required business-day window).
• Awards: 10,254; 6,409; and 17,002 RSUs/PSUs granted (total 33,665) at $0.00 (code A).
• Tax withholding: 5,778 shares surrendered at $78.02/share, total $450,800 (code F). No open-market sale occurred.
• Vesting/award notes:
  • Some grants are RSUs that vest over multi-year schedules (F1: 3 equal annual installments; F2: 2 equal installments on years 2 and 3).
  • One award reflects performance stock units determined vested from a 02/28/2023 PSU grant (F3).
  • The surrendered shares were used for payroll and income taxes (F4).
• Shares owned after transaction: not specified in the Form 4.

Context

• These transactions are routine compensation-related actions: the company granted RSUs/PSUs (future contingent rights to shares) and the insider surrendered shares to cover tax withholding. This is different from a market sale — no shares were sold on the open market. Awards signal compensation recognition but are not the same as a cash purchase by the insider.