Fletcher Robert S 4

What Happened

• Robert S. Fletcher, Vice President and Chief Legal Officer of Stryker (SYK), had performance-based equity vest on March 21, 2026 and received dividend-equivalent shares. The filing shows 225 shares reported as acquired at $0 (dividend equivalents converted to common stock).
• To satisfy tax withholding on vested awards, 3,384 shares were withheld/disposed at an effective value of $335.67 per share, totaling $1,135,907. The filing also records a related derivative conversion/settlement of 225 shares.

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026.
• Acquired: 225 shares (dividend equivalents) at $0.00 per share.
• Tax withholding/disposed: 3,384 shares at $335.67 per share = $1,135,907.
• Additional derivative entry: 225-share conversion/settlement reported (see footnote).
• Shares owned after the transactions: not specified in the provided filing.
• Footnote: On March 11, 2026 the insider reported earning 7,828 performance stock units that vested on March 21; the 225 shares here are dividend equivalents related to those earned PSUs and were settled into shares.
• No indication in the supplied data that this filing was late.

Context

• This was not an open-market purchase or sale for investment purposes; it reflects vested equity awards being settled and routine withholding of shares to cover tax obligations. Such withholding is common and does not necessarily signal a change in the insider’s view of the company.