Yuen Maggie 4
4 · Penumbra Inc · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Penumbra (PEN) CFO Maggie Yuen Receives RSUs; 481 Shares Withheld
What Happened
- Maggie Yuen, Chief Financial Officer of Penumbra, was granted restricted stock units (RSUs) and experienced a tax-withholding share disposition. She received 2,630 RSUs on February 13, 2026 (reporting code A) and another 2,630 RSUs on February 17, 2026 (A). On February 15, 2026, 481 shares were withheld/disposed at $339.30 per share to satisfy tax withholding obligations, totaling $163,203 (reporting code F). The RSU grants show $0.00 acquisition price because they are awards, not purchases.
Key Details
- Transactions:
- 2026-02-13: RSU grant — 2,630 RSUs (acquired, $0.00) (See footnote re vesting).
- 2026-02-15: Shares withheld for tax — 481 shares disposed @ $339.30 = $163,203.
- 2026-02-17: RSU grant — 2,630 RSUs (acquired, $0.00).
- Shares owned after the transactions: Not specified in the Form 4 filing.
- Vesting and acceleration (footnotes):
- Feb 13 grant: 1/4 vests on Feb 15 each year 2026–2029; unvested RSUs accelerate and fully vest upon the merger Closing (Boston Scientific) if the Reporting Person remains in service through that date.
- Feb 17 grant: 1/4 vests annually beginning Feb 15, 2027; also subject to acceleration on the Closing.
- Withholding: Shares were withheld by the issuer to satisfy tax withholding obligations (a cashless-type withholding, not an open-market sale by the insider).
- Filing timing: Form was filed on Feb 18, 2026. That filing date appears to fall outside the two-business-day SEC window for the Feb 13 and Feb 15 transactions, meaning those items were effectively reported late.
Context
- These transactions are equity compensation events (RSU grants) and a tax-withholding disposition. Withholding is routine when RSUs vest and does not necessarily reflect the insider selling shares on the open market. The RSUs include standard time-based vesting and a potential merger-related acceleration, which could cause unvested awards to vest at the Closing of the Boston Scientific transaction.
Insider Transaction Report
Form 4
Penumbra IncPEN
Yuen Maggie
Chief Financial Officer
Transactions
- Award
Common Stock
[F1][F2]2026-02-13+2,630→ 18,636 total - Tax Payment
Common Stock
[F3][F2]2026-02-15$339.30/sh−481$163,203→ 18,155 total - Award
Common Stock
[F4][F2]2026-02-17+2,630→ 20,785 total
Footnotes (4)
- [F1]On February 13, 2026, the Reporting Person was granted 2,630 restricted stock units (RSUs) under the Issuer's Amended and Restated 2014 Equity Incentive Plan, of which 1/4 of the RSUs will vest equally on February 15, 2026, February 15, 2027, February 15, 2028 and February 15, 2029, subject to continued service by the Reporting Person on the applicable vesting date. Notwithstanding the foregoing, if the Closing (as defined in that certain Agreement and Plan of Merger, dated as of January 14, 2026, among the Issuer, Boston Scientific Corporation, a Delaware corporation, and Pinehurst Merger Sub, Inc., a Delaware corporation) occurs, any of the RSUs that remain unvested will fully vest on the Closing, subject to continued service by the Reporting Person through such date.
- [F2]A portion of these shares is subject to vesting.
- [F3]Shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs granted to the Reporting Person.
- [F4]On February 17, 2026, the Reporting Person was granted 2,630 RSUs under the Issuer's Amended and Restated 2014 Equity Incentive Plan, of which 1/4 of the RSUs will vest equally on an annual basis, beginning on February 15, 2027, subject to continued service by the Reporting Person on the applicable vesting date. Notwithstanding the foregoing, if the Closing (as defined in that certain Agreement and Plan of Merger, dated as of January 14, 2026, among the Issuer, Boston Scientific Corporation, a Delaware corporation, and Pinehurst Merger Sub, Inc., a Delaware corporation) occurs, any of the RSUs that remain unvested will fully vest on the Closing, subject to continued service by the Reporting Person through such date.
Signature
/s/ Johanna Roberts, as attorney-in-fact for Maggie Yuen|2026-02-18