QuidelOrtho (QDEL) EVP Bryan Hanson Receives 446 RSUs; 162 Withheld

What Happened

• Bryan Michael Hanson, EVP Global Portfolio Management & Marketing at QuidelOrtho (QDEL), had 446 restricted stock units (RSUs) vest and convert into 446 common shares on August 15, 2026. The RSUs converted at no exercise price ($0.00).
• To satisfy tax withholding on the issuance, 162 of those shares were withheld (disposed) at $14.30 per share, totaling roughly $2,317. That leaves about 284 shares net-issued to Hanson from this vesting event.
• This was not an open-market sale or a purchase — it was the routine vesting and conversion of compensation RSUs with a partial share-withholding for taxes.

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (filed within required reporting period).
• Reported transactions: 446 shares converted/acquired (code M) at $0.00; 162 shares withheld/disposed for taxes (code F) at $14.30/share (~$2,317).
• Net new shares received by insider from this vesting: 446 - 162 = 284 shares (based on the filing data).
• Footnotes: F1–F4 explain these were RSUs previously reported on a Form 3, each RSU equals one common share, 446 RSUs vested on Aug 15, 2026, and the 162-share disposition was withholding to satisfy tax obligations.
• Ownership after transaction: not specified in the provided data from the filing.

Context

• This is a standard compensation event: RSUs vest and convert to shares; the company withheld shares to cover withholding taxes. It is not an open-market sale indicating a change in market sentiment.
• Transaction codes: M indicates conversion/exercise of a derivative (RSU conversion here); F indicates shares withheld/disposed to cover tax liabilities.
• Such filings are routine for executives receiving vested equity and do not, by themselves, signal a bullish or bearish view by the insider.