Stiles Spencer S 4
Research Summary
AI-generated summary
Stryker President Spencer Stiles Receives 14,912-Share Award
What Happened
Spencer S. Stiles, President and COO of Stryker Corp (SYK), was reported to have acquired 14,912 shares as a grant/award on March 9, 2026. The Form 4 lists the acquisition price as $0.00 (award), so no cash was exchanged on the filing. The award is tied to multi-year performance goals and the earned shares vest on March 21, 2026.
Key Details
- Transaction date: 2026-03-09 (Filed on 2026-03-11). Filing appears timely (Form 4 is generally due within two business days).
- Transaction type/code: Award/Grant (A) — 14,912 shares @ $0.00; reported value $0.
- Vesting/conditions: Footnote notes shares were earned upon achieving pre-established three-year adjusted diluted EPS and sales performance goals; vesting on 2026-03-21.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding, or late-filing indicators listed in the provided information.
Context
This was a performance-based equity award (an acquisition recorded as an award), not an open-market purchase or sale. Such awards reflect compensation tied to company performance rather than an insider’s decision to buy or sell shares on the market and should be interpreted accordingly.