Smith Christian Adam 4

What Happened

• Christian Adam Smith, Chief Commercial Officer of Merit Medical Systems, received three awards totaling 21,374 shares (granted as RSUs/performance shares) on 02/26/2026 (acquired at $0.00). He also surrendered 2,018 shares to cover payroll and income taxes, a disposition recorded at $78.02 per share for a total withholding of $157,444. The surrender was not an open-market sale.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (timely — within required reporting window).
• Grants (code A): 8,203 RSUs; 6,409 RSUs; 6,762 performance-based shares — all reported as acquired at $0.00.
• Tax withholding (code F): 2,018 shares surrendered at $78.02 each; total value $157,444; footnote confirms shares were surrendered for payroll/income taxes and were not sold in the open market (F5).
• Shares owned after the transactions: not specified in the lines provided; filing references plan holdings as of 02/26/2026 (F1).
• Notable footnotes:
  • RSUs: Each RSU is the contingent right to one share upon vesting (F2, F3).
  • Vesting: one grant vests in three equal annual installments (F2); another vests in two equal installments on the 2nd and 3rd anniversaries (F3).
  • One grant represents performance-stock units that vested after the Compensation Committee determined performance conditions were met (F4).
  • Other vesting/exercisability schedules referenced in the filing (F6, F7) describe typical option vesting schedules but do not change the above RSU/performance-share details.

Context

• These were awards (A) — not open-market purchases — so they increase potential future ownership only as the RSUs/performance shares vest; awards at $0.00 reflect that these are compensation grants, not cash purchases.
• The 2,018-share disposition was a tax-withholding action (F) to satisfy payroll/income taxes; no shares were sold on the market.
• For retail investors, awards signal compensation alignment but are not the same signal as an insider buying stock with personal funds.