| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PEN | Common Stock | Sale | -$375K | -1.32K | -0.7% | $284.92 | 186K | May 1, 2023 | Direct | F1, F2, F3 |
| transaction | PEN | Common Stock | Sale | -$654K | -2.29K | -1.23% | $285.73 | 184K | May 1, 2023 | Direct | F1, F3, F4 |
| transaction | PEN | Common Stock | Sale | -$279K | -972 | -0.53% | $286.79 | 183K | May 1, 2023 | Direct | F1, F3, F5 |
| transaction | PEN | Common Stock | Sale | -$121K | -422 | -0.23% | $287.42 | 183K | May 1, 2023 | Direct | F1, F3, F6 |
| holding | PEN | Common Stock | 244K | May 1, 2023 | By GRAT | F7, F8 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan. |
| F2 | This transaction was executed in multiple trades at prices ranging from $284.25 to $285.23. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F3 | A portion of these shares is subject to vesting. |
| F4 | This transaction was executed in multiple trades at prices ranging from $285.29 to $286.23. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F5 | This transaction was executed in multiple trades at prices ranging from $286.30 to $287.18. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F6 | This transaction was executed in multiple trades at prices ranging from $287.25 to $287.58. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F7 | Shares are held by the Arani Bose 2022 GRAT. |
| F8 | Any changes between direct and indirect holdings through the Arani Bose 2022 GRAT are in transactions exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934 as mere changes in form of beneficial ownership. |