Lobo Kevin 4

What Happened Kevin Lobo, Chair and CEO of Stryker (SYK), had performance-based awards vest on March 21, 2026. As part of the settlement, 1,452 dividend-equivalent shares were issued and converted into common stock (no exercise price). To satisfy tax withholding on the vested awards, 26,492 shares were surrendered/disposed at $335.67 per share, producing proceeds of $8,892,570. These transactions are routine tax-withholding actions tied to the vesting of equity awards rather than an open-market investment sale.

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026 (reporting period: 2026-03-21).
• Shares sold/withheld for taxes: 26,492 shares at $335.67 each = $8,892,570 (Disposition, code F).
• Dividend-equivalent shares: 1,452 shares issued/converted to common stock at $0 exercise price (codes M — conversion/settlement of derivative).
• Footnote: On March 11, 2026 a Form 4 reported 50,332 performance shares earned and subject to vesting on March 21, 2026; the 1,452 shares here are dividend equivalents related to those awards.
• Shares owned after the transaction: Not disclosed in the provided excerpt of the filing.
• Filing timeliness: Form filed March 24 reporting March 21 transactions (see full Form 4 for any timeliness notes).

Context

• The M-code entries reflect conversion/settlement of performance stock units and dividend equivalents into common shares (no cash exercise price).
• The F-code disposition is a tax-withholding/settlement of shares — a common, administrative transaction when equity awards vest (often called a cashless/withholding sale).
• These withholding sales are routine and do not necessarily indicate the insider is taking a broader market-view position on the stock.