Pierce James Andrew 4

What Happened James Andrew Pierce, Group President of Stryker (SYK), had 430 dividend-equivalent shares issued and settled into common stock upon vesting on March 21, 2026 (exercise/conversion, $0.00 exercise price). On the same date he disposed/surrendered 7,807 shares at $335.67 per share to satisfy tax withholding obligations, a disposal valued at $2,620,576.

Key Details

• Transaction date: March 21, 2026; filing date: March 24, 2026 (no indication in the provided excerpt that the filing was late).
• Shares acquired/settled: 430 shares (derivative conversion/exercise) at $0.00 (these were dividend equivalents).
• Shares disposed/surrendered: 7,807 shares at $335.67 for a total of $2,620,576 (tax withholding/payment).
• Footnote: These 430 shares are dividend equivalents issued in connection with Performance Stock Units that were earned (reported March 11) and vested on March 21, 2026; the PSUs themselves were previously reported as 14,912 earned shares subject to vesting.
• Shares owned after transaction: not specified in the provided excerpt.

Context This filing reflects a routine settlement and tax-withholding transaction tied to vested performance awards. The 430 shares were dividend-equivalent shares settled into stock, and the ~7.8K shares were surrendered to cover taxes rather than an open-market sale for investment purposes. Routine withholding of shares to pay taxes is common and does not necessarily signal a change in the insider’s view of the company.