Stiles Spencer S 4

What Happened

• Spencer S. Stiles, President and COO of Stryker Corp (SYK), exercised stock options on Feb 3, 2026 to acquire 13,840 shares at an exercise price of $96.64 per share, costing $1,337,498.
• As part of the same transaction, 7,692 shares were surrendered/withheld to cover tax withholding at a reported fair market value of $368.14 per share (worth about $2,831,733). The filing also reports the option-to-share conversion (derivative conversion) associated with the exercise.

Key Details

• Transaction date: 2026-02-03; Exercise price: $96.64; Shares acquired via exercise: 13,840; Cash paid: $1,337,498.
• Tax withholding: 7,692 shares withheld/disposed at $368.14/share (≈ $2,831,733 value). Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability (share withholding).
• Footnote: F1 — options granted under the Stryker Corporation 2011 Long‑Term Incentive Plan, vesting 20% per year for five years.
• Shares owned after the transaction: not specified in the provided filing.
• Filing date: 2026-02-04 (filed one day after the transaction), which is timely for a Form 4 (typically due within two business days).

Context

• This was an option exercise with net share withholding to cover taxes (a common, routine action), not an open‑market sale signaling directional conviction. The withholding reduced the number of net shares received by the insider.
• M (option exercise) entries with a $0.00 price often reflect the conversion of options into shares (exercise price reported separately), while F indicates shares were used to satisfy tax obligations.