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QuidelOrtho Corp·4

Feb 3, 7:49 PM ET

Hodges Michelle A 4

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QuidelOrtho (QDEL) CLO Michelle Hodges Receives RSU Awards, Shares Withheld

What Happened
Michelle A. Hodges, Chief Legal Officer of QuidelOrtho Corporation, received restricted stock unit (RSU) awards and had a portion of vested shares withheld to cover tax obligations. On 2026-01-31, 1,610 and 1,814 previously granted RSUs vested and were converted to common shares (exercise/conversion entries at $0.00). To satisfy the related tax withholding, 578 and 651 shares were surrendered/withheld at $27.17 per share, yielding cash value of $15,704 and $17,688 (total $33,392). Separately on 2026-01-30, Hodges was granted two larger RSU awards totaling 77,123 RSUs (38,562 and 38,561), which vest over 2027–2029 per the filing.

Key Details

  • Transaction dates and prices:
    • 2026-01-30: Grant of 38,562 and 38,561 RSUs (A) @ $0.00 — long-term vesting (derivative awards).
    • 2026-01-31: Release/vesting/conversion (M/A) of 1,610 and 1,814 RSUs to common shares @ $0.00.
    • 2026-01-31: Tax withholding (F) — 578 shares @ $27.17 ($15,704) and 651 shares @ $27.17 ($17,688).
  • Total shares withheld for taxes: 1,229; total cash value withheld: $33,392.
  • Footnotes of note:
    • Each RSU equals the right to one common share (F3).
    • Larger RSU grants vest in equal installments across Jan 30, 2027–2029 (F4, F5).
    • The share dispositions (578 and 651) were withholding to satisfy tax liabilities related to RSU releases (F2).
    • Smaller vested tranches reflected prior multi-year vesting schedules (F6, F7).
  • Shares owned after the transactions: not specified in the provided filing details.
  • Filing timeliness: Form filed 2026-02-03 for transactions dated 2026-01-30/31; this appears to be within the required reporting window.

Context

  • These entries reflect RSU vesting and a routine cashless-withholding to cover taxes, not an open-market sale or a purchase. The derivative entries (M) show conversion/exercise of RSUs into shares at no exercise price; the subsequent F entries are standard share surrender for tax withholding.
  • For retail investors: awards and withholding are common compensation events and do not by themselves indicate insider sentiment about the stock price. No open-market purchases or discretionary sales by the insider are reported in this filing.