Hodges Michelle A 4
4 · QuidelOrtho Corp · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
QuidelOrtho (QDEL) CLO Michelle Hodges Receives Award, Shares Withheld
What Happened Michelle A. Hodges, Chief Legal Officer of QuidelOrtho Corporation (QDEL), had 3,198 restricted stock units (RSUs) convert to common shares on Feb 8, 2026. Of those shares, 1,148 were withheld/ disposed to satisfy tax withholding obligations at $29.10 per share, generating proceeds of $33,407. The conversion/award is reported as an acquisition (A) and the conversion of a derivative (M) with a related withholding disposition (F).
Key Details
- Transaction date: February 8, 2026; Form 4 filed Feb 10, 2026 (appears timely).
- Award/conversion: 3,198 RSUs converted to 3,198 common shares @ $0.00 (each RSU = 1 share).
- Tax withholding disposition: 1,148 shares withheld/disposed at $29.10 for $33,407 (code F).
- Footnotes: F1–F4 note these RSUs were previously granted, describe the withholding as satisfying tax obligations, confirm 1 RSU = 1 share, and show vesting schedule (3,197 vested 2/8/2025; 3,198 vested 2/8/2026; remaining 3,198 vest 2/8/2027).
- Shares owned after the transaction: not specified in the filing.
Context This was a routine RSU vesting event with a cashless tax-withholding disposition of a portion of the vested shares—not an open-market sale. Such withholding to cover taxes is standard and generally should not be read as a directional signal about the insider's market view.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-08+3,198→ 42,753 total - Tax Payment
Common Stock
[F2]2026-02-08$29.10/sh−1,148$33,407→ 41,605 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-08−3,198→ 3,198 total→ Common Stock (3,198 underlying)
Footnotes (4)
- [F1]Reflects release of restricted stock units that were previously reported on a Form 4.
- [F2]Disposition of shares, as set forth above, was in connection with the Issuer's withholding of common shares to satisfy tax withholding obligations related to the issuance of common shares upon release of restricted stock units.
- [F3]Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock.
- [F4]3,197 shares vested on February 8, 2025; 3,198 shares vested on February 8, 2026; and the remaining 3,198 shares will vest on February 8, 2027.