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Insider Trading Arrangements
3 Months Ended 6 Months Ended
Jun. 30, 2024
shares
Jun. 30, 2024
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
The following table describes, for the second quarter of 2024, each trading arrangement for the sale or purchase of Company securities adopted or terminated by our directors and officers that is either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”) or (2) a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of Regulation S-K):
Name (Title)Action Taken (Date of Action)Type of Trading ArrangementNature of Trading ArrangementDuration of Trading ArrangementAggregate Number of Securities
Erik J. Ostrowski (Senior Vice President, Chief Financial Officer, Chief Business Officer and Treasurer)
Adoption
(June 21, 2024)
Durable Rule 10b5-1 trading arrangement for sell-to-cover transactions relating to all equity awards that have or may be granted
Sale
Until final settlement of any restricted stock units, or RSUs
Indeterminable (1)
Nicholas Grund (Senior Vice President, Chief Commercial Officer)
Adoption
(May 13, 2024)
Durable Rule 10b5-1 trading arrangement for sell-to-cover transactions relating to all equity awards that have or may be granted
Sale
Until final settlement of any RSUs
Indeterminable (1)
Michel Dahan (Former Senior Vice President, Chief Operating Officer)
Adoption (May 31, 2024)
Rule 10b5-1 Non-Discretionary Option Exercise and Stock Sale Plan
Sale
Until March 31, 2025
Up to an aggregate of 823,166 shares
(1) The number of shares subject to RSUs that will be sold to satisfy applicable tax withholding obligations upon vesting is unknown as the number will vary based on the extent to which vesting conditions are satisfied, the market price of the Company’s common stock at the time of settlement and the potential future grant of additional RSUs subject to this arrangement. This trading arrangement, which applies to RSUs whether vesting is based on the passage of time and/or the achievement of performance goals, provides for the automatic sale of shares that would otherwise be issuable on each settlement date of a RSU in an amount sufficient to satisfy the applicable tax withholding obligation, with the proceeds of the sale delivered to the Company in satisfaction of the applicable tax withholding obligation.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Erik J. Ostrowski [Member]    
Trading Arrangements, by Individual    
Name Erik J. Ostrowski  
Title Senior Vice President, Chief Financial Officer, Chief Business Officer and Treasurer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date Adoption(June 21, 2024)  
Nicholas Grund [Member]    
Trading Arrangements, by Individual    
Name Nicholas Grund  
Title Senior Vice President, Chief Commercial Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date Adoption(May 13, 2024)  
Michel Dahan [Member]    
Trading Arrangements, by Individual    
Name Michel Dahan  
Title Former Senior Vice President, Chief Operating Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date Adoption (May 31, 2024)  
Expiration Date March 31, 2025  
Arrangement Duration 304 days  
Aggregate Available 823,166 823,166