Sousa Ben 4

What Happened

• Ben Sousa, Chief Information Officer at ICU Medical (ICUI), had 1,300 restricted stock units (RSUs) convert to common shares on 2026-03-15. The RSUs have no purchase or exercise price.
• To satisfy tax withholding, 718 of the shares were withheld at $125.85 per share (total reported value $90,360). Net delivery to Sousa was 582 shares (1,300 − 718), worth roughly $73,250 using the same per-share price. The filing shows the RSU conversion as derivative exercise (code M) and the withholding as tax payment (code F).

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-16 (timely).
• Vested/converted: 1,300 RSUs → 1,300 shares (no exercise price; footnotes F1/F2).
• Tax withholding: 718 shares withheld at $125.85/share for $90,360 (code F).
• Net shares delivered to insider: 582 shares (approx. $73,250 using $125.85/share).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 = these are Restricted Stock Units; F2 = no purchase/exercise price. Transaction codes: M = conversion/exercise of derivative (RSU settlement), F = tax withholding.

Context

• This was not a cash purchase or open-market sale but a routine RSU vesting/settlement with shares withheld to cover taxes (common "sell/hold to cover" practice). Such filings report compensation vesting rather than a directional buy/sell signal by the insider.