Menon Viju 4

What Happened

• Menon Viju, Group President of Stryker Corporation, received shares when performance-restricted stock units vested on March 21, 2026. The filing reports 269 dividend-equivalent shares issued/settled (acquired at $0) and the surrender/withholding of 4,718 shares to satisfy tax obligations, generating proceeds of $1,583,691 (4,718 shares × $335.67). The transactions relate to previously reported Performance Stock Units that vested on March 21 (see footnote).

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026.
• Transactions reported:
  • 269 shares acquired via conversion/exercise of a derivative (reported at $0) — these are dividend equivalents settled into shares.
  • 4,718 shares disposed to cover tax liability at $335.67 per share for total proceeds of $1,583,691 (tax withholding).
  • An additional 269-share derivative disposition is reported (related to the dividend-equivalent settlement).
• Shares owned after the transaction: Not specified in this filing.
• Footnote: On March 11, 2026 Viju previously reported acquisition of 9,320 shares earned upon satisfaction of performance criteria; those PSUs vested March 21, 2026. The 269 shares here are dividend equivalents issued in connection with those earned PSUs.
• Filing timeliness: Report filed March 24, 2026 (transaction date March 21); filing date shown on Form 4.

Context

• This was not an open-market sale; it reflects settlement of vested performance stock units and mandatory share withholding to satisfy tax obligations (common administrative practice). For retail investors, such withholding/surrenders are routine and do not necessarily indicate a voluntary sale or change in insider sentiment.