Wells Preston Wendell 4
Research Summary
AI-generated summary
Stryker (SYK) CFO Wells Wendell Receives Stock Option Award
What Happened
Wells Preston Wendell, Chief Financial Officer of Stryker Corporation (SYK), was granted a stock option award covering 11,974 shares on February 4, 2026. The grant is reported as an award/acquisition (derivative) with an acquisition price of $0.00 (typical for option grants); no cash was paid for the award in the filing.
Key Details
- Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-06) — filing appears timely.
- Transaction type: Award/Grant of derivative securities (stock options), 11,974 shares, acquisition price shown as $0.00.
- Shares owned after transaction: Not reported in the information provided.
- Footnote: Grant made under the Stryker Corporation 2011 Long-Term Incentive Plan; options vest 20% on each of the first five anniversaries of the grant date (graded vesting).
- No indication in this filing that options were exercised or that any shares were sold or immediately transferred.
Context This was a compensation-related option grant (derivative award), not an open-market purchase or sale. Such awards are common for executives and typically vest over time (here, 5 years at 20% per year). The filing does not show an exercise price or immediate sale of shares; options generally must vest before they can be exercised. This transaction should be viewed as part of executive compensation rather than a direct market buy or sell.