Hanson Bryan Michael 4
Research Summary
AI-generated summary
QuidelOrtho (QDEL) EVP Bryan Hanson Receives RSUs; Shares Withheld for Taxes
What Happened
Bryan Michael Hanson, EVP Global Portfolio Management & Marketing at QuidelOrtho (QDEL), had 1,459 restricted stock units (RSUs) vest on April 26, 2026. The RSUs converted into 1,459 common shares (transaction code M/A). To satisfy tax withholding obligations, the company withheld 528 of those shares at an implied price of $11.59 per share (transaction code F), yielding a tax withholding value of approximately $6,120. Net shares delivered to Hanson were 931.
Key Details
- Transaction date: April 26, 2026; Form 4 filed April 28, 2026.
- Grants/Conversion: 1,459 RSUs vested and converted to 1,459 shares (codes A and M) at $0.00 per share (RSUs convert, not purchased).
- Tax withholding: 528 shares withheld (code F) at $11.59 = ~$6,120 to satisfy tax liabilities.
- Net shares issued to insider: 1,459 − 528 = 931 shares.
- Footnotes: RSUs were previously reported on a Form 3 (F1). Each RSU equals one share (F3). 1,459 RSUs vested on April 26, 2026 (F4). Withholding of shares was to satisfy tax withholding obligations (F2).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine RSU vesting event with company share withholding to cover taxes (a common "share-withholding" rather than an open-market sale). Such tax-withholding dispositions are administrative and do not necessarily signal insider sentiment about the company's stock.