Align Technology (NASDAQ: ALGN) grants CEO new stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALIGN TECHNOLOGY INC President and CEO Joseph M. Hogan reported multiple equity transactions dated February 20, 2026. He received a grant of 19,144 Restricted Stock Units and 44,670 Market Stock Units, both at a stated price of $0.00 per unit. Several prior RSU and market stock unit awards vested and were exercised, resulting in the acquisition of 40,248 shares of common stock. To satisfy tax obligations, 16,107 common shares were withheld at $190.02 per share, leaving 209,270 common shares held directly. Additional common shares are held indirectly through the Hogan 2025 GRAT and by his spouse, as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,248 shares exercised/converted
Mixed
11 txns
Insider
HOGAN JOSEPH M
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 19,144 | $0.00 | -- |
| Grant/Award | Market Stock Unit | 44,670 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,961 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,865 | $0.00 | -- |
| Exercise | Market Stock Unit | 27,353 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,672 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,397 | $0.00 | -- |
| Exercise | Common Stock | 40,248 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,107 | $190.02 | $3.06M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 19,144 shares (Direct);
Market Stock Unit — 44,670 shares (Direct);
Common Stock — 225,377 shares (Direct);
Common Stock — 55,267 shares (Indirect, See Footnote)
Footnotes (1)
- Includes 184 shares acquired on January 30, 2026 under the ALGN Employee Stock Purchase Plan. Shares are held by the Hogan 2025 GRAT, for which the Reporting Person serves as trustee. These securities are held directly by the spouse of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose. Represents par value of ALGN common stock. 1/4th of the restricted stock unit granted on February 20, 2026 will become vested on February 20, 2027 and shares will be delivered to reporting person on such date. 1/4th of restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on such vest date. Represents the number of shares which may be issued at target under the market stock unit. If performance exceeds target, the maximum number of shares that may vest is 250% of the at target amount. Vesting, if any, of the market stock unit occurs on the last day of the third year of the Performance Period (as defined in the market stock unit agreement). 1/4th of the restricted stock unit granted on February 20, 2025 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date. 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. The market stock unit granted on February 20, 2023 became vested on February 20, 2026 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit granted on February 20, 2023 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date. 1/4th of the restricted stock unit granted on February 20, 2024 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date.
FAQ
What equity awards did ALGN CEO Joseph M. Hogan receive in this Form 4?
Joseph M. Hogan received a grant of 19,144 Restricted Stock Units and 44,670 Market Stock Units on February 20, 2026, both at a stated price of $0.00 per unit, reflecting stock-based compensation rather than cash purchases.
How do the Market Stock Units granted to the ALGN CEO vest?
The Market Stock Units represent shares issuable at a target level, with up to 250% of target vesting if performance exceeds target. Vesting, if any, occurs on the last day of the third year of the performance period defined in the award agreement.