QuidelOrtho (QDEL) CHRO Ronald Bowman Receives RSU Shares

What Happened

• Ronald Lee Bowman, Chief Human Resources Officer of QuidelOrtho (QDEL), had 2,566 restricted stock units (RSUs) convert to common shares on September 15, 2026. The RSUs converted at $0 exercise price (typical for RSU settlement). The company withheld 921 shares to satisfy tax withholding obligations at $10.63 per share (total ~$9,790), leaving a net of 1,645 shares issued to Bowman.

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (timely).
• Actions reported: M = exercise/conversion of derivative (RSU conversion) and F = shares withheld to satisfy tax liability.
• Share counts and values: 2,566 RSUs converted → 2,566 shares; 921 shares withheld at $10.63/share = $9,790; net 1,645 shares issued to insider.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: These shares reflect the release of previously reported RSUs. Each RSU equals one share. Vesting schedule noted: 2,565 vested 9/15/2025; 2,566 vested 9/15/2026; remaining 2,566 vest 9/15/2027.
• Filing timeliness: Filed two days after the vesting/conversion date (appears timely under Form 4 rules).

Context

• This was a standard RSU settlement and tax-withholding event, not an open-market purchase or sale. The $0.00 exercise price reflects conversion of RSUs to shares rather than purchase of options. The withholding of shares to cover taxes is routine and does not, by itself, indicate a change in insider sentiment.