Stiles Spencer S 4

What Happened
Spencer S. Stiles, President and COO of Stryker Corporation, reported vesting-related transactions tied to performance-based awards on March 21, 2026. He received 430 shares as dividend equivalents (converted/issued in connection with Performance Stock Units) and had 6,690 shares withheld/disposed to satisfy tax withholding obligations at $335.67 per share, totaling approximately $2,245,632. The derivative entries reflect the settlement/conversion of award units into shares.

Key Details

• Transaction date: March 21, 2026; filing date: March 24, 2026.
• Dividend-equivalent shares: 430 shares issued/converted at $0.00 (settlement of earned Performance Stock Units).
• Tax withholding (disposition): 6,690 shares withheld/disposed at $335.67 per share for $2,245,632.
• Footnote: These dividend-equivalent shares relate to Performance Stock Units previously reported on a Form 4 filed March 11, 2026; the 430 shares were issued and settled upon vesting on March 21, 2026.
• Shares owned after the reported transactions are not specified in this filing.

Context
This was not an open-market sale but a routine tax-withholding disposal tied to the vesting/settlement of equity awards (including dividend equivalents). Such withholdings are common when RSUs/PSUs vest and do not necessarily indicate a change in insider sentiment. The filing reports conversion/settlement of derivatives (performance stock units) into shares and the subsequent use of shares to cover tax liabilities.