QuidelOrtho Corp·4

Apr 28, 4:12 PM ET

Hanson Bryan Michael 4

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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.