Form 4 for TCMD TACTILE SYSTEMS TECHNOLOGY INC
Accepted 2024-02-27 00:00:00 ET · period of report 2024-02-23 · accession 0001437749-24-005783 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-02-27 | 2024-02-23+ | TCMD | Burns Kristie | SVP Mktg, Clinical Affairs | S - Sale | $15.32 | -4,264 | 63.5K | -6% | -$65.3K |
| M | 2024-02-27 | 2024-02-24 | TCMD | Burns Kristie | SVP Mktg, Clinical Affairs | A - Grant | $0.00 | +11.8K | 62.8K | +23% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-23 | S | D | 2,249 | $14.80 | 53,765 | D | — | — | (F1) Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to a Rule 10b5-1 instruction on February 22, 2023. (F2) Adoption date of referenced 10b5-1(c) plan is: 02-22-2023. (F3) Reflects the weighted average price of 2,249 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2024 with sale prices ranging from $14.7911 to $14.82 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| 2 | Common | Common Stock | 2024-02-26 | S | D | 2,015 | $15.91 | 63,512 | D | — | — | (F6) Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to Rule 10b5-1 instructions on February 25, 2021 and February 24, 2022. |
| 3 | Common | Common Stock | 2024-02-24 | A | A | 2,776 | $0.00 | 65,527 | D | — | — | (F5) On February 22, 2023, the reporting person was granted PSUs, with the number of PSUs earned to be determined based on the extent to which certain performance conditions are met for a performance period consisting of three separate performance years of 2023, 2024 and 2025. As determined on February 24, 2024, based on actual performance for 2023, the reporting person earned 2,776 PSUs with respect to the 2023 performance year. Those PSUs are scheduled to vest on the date in 2025 that the Compensation and Organization Committee determines the number of PSUs earned with respect to the 2024 performance year. |
| 4 | Common | Common Stock | 2024-02-24 | A | A | 8,986 | $0.00 | 62,751 | D | — | — | (F4) On February 24, 2022, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2023. As determined on February 24, 2024, based on actual performance for 2023, the reporting person earned 8,986 PSUs. Of those earned PSUs, one-third, or 2,995 PSUs, vested on February 24, 2024, and the remaining two-thirds, or 5,991 PSUs, are scheduled to vest on February 24, 2025. |