Filing Details
- Accession Number:
- 0001437749-24-005784
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-27 21:13:07
- Reporting Period:
- 2024-02-23
- Accepted Time:
- 2024-02-27 21:13:07
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1027838 | Tactile Systems Technology Inc | TCMD | Surgical & Medical Instruments & Apparatus (3841) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1563602 | L. Daniel Reuvers | 3701 Wayzata Blvd. Suite 300 Minneapolis MN 55416 | President And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2024-02-23 | 5,378 | $14.85 | 192,321 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-02-24 | 44,930 | $0.00 | 237,251 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2024-02-24 | 13,100 | $0.00 | 250,351 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2024-02-26 | 6,239 | $15.81 | 244,112 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Footnotes
- Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to a Rule 10b5-1 instruction on February 22, 2023.
- Adoption date of referenced 10b5-1(c) plan is: 02-22-2023.
- Reflects the weighted average price of 5,378 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2024 with sale prices ranging from $14.84 to $14.89 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- On February 24, 2022, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2023. As determined on February 24, 2024, based on actual performance for 2023, the reporting person earned 44,930 PSUs. Of those earned PSUs, one-third, or 14,977 PSUs, vested on February 24, 2024, and the remaining two-thirds, or 29,953 PSUs, are scheduled to vest on February 24, 2025.
- On February 22, 2023, the reporting person was granted PSUs, with the number of PSUs earned to be determined based on the extent to which certain performance conditions are met for a performance period consisting of three separate performance years of 2023, 2024 and 2025. As determined on February 24, 2024, based on actual performance for 2023, the reporting person earned 13,100 PSUs with respect to the 2023 performance year. Those PSUs are scheduled to vest on the date in 2025 that the Compensation and Organization Committee determines the number of PSUs earned with respect to the 2024 performance year.
- Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to Rule 10b5-1 instructions on February 25, 2021 and February 24, 2022.
- Reflects the weighted average price of 6,239 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 26, 2024 with sale prices ranging from $15.79 to $15.875 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
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