MMSI CFO Raul Parra Receives RSUs, Surrenders Shares for Taxes

What Happened
Raul Parra Jr., Chief Financial Officer and Treasurer of Merit Medical Systems, received a total of 38,920 stock awards on 02/26/2026 (three award entries: 12,305; 9,613; 17,002 shares) reported as grants (code A) at $0.00. To satisfy payroll and income tax withholding related to these awards, he surrendered 5,778 shares (code F) at a reported value of $78.02 per share, totaling approximately $450,800. No shares were sold on the open market.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely filing).
• Awards: 12,305; 9,613; and 17,002 RSU/PSU-related shares granted (total 38,920) reported at $0.00.
• Tax withholding: 5,778 shares surrendered at $78.02/share = $450,800 (no open-market sale).
• Ownership after transaction: not specified in the provided data (plan holdings referenced as of 02/26/2026).
• Footnotes: grants include restricted stock units (RSUs) with different vesting schedules (one vests in three equal annual installments; one vests in two equal installments on years 2 and 3). 17,002 shares were issued upon the Compensation Committee’s determination under performance stock units granted 02/28/2023. Other notes reference option vesting schedules and plan holdings.
• Transaction codes: A = Award/Grant, F = Payment of tax liability (withholding).

Context
RSUs and PSUs are contingent rights to receive shares upon vesting — these grants are compensation, not purchases, and often reflect routine equity compensation for executives. The surrender of shares to cover taxes is a standard withholding method (a cashless/stock-surrender for tax liability), not an open-market sale and therefore less informative about the insider’s market sentiment.