Amer Sports CFO logs RSU vesting and tax share sale
Amer Sports, Inc. Chief Financial Officer Andrew E. Page reported routine equity transactions tied to vesting and tax obligations.
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Rhea-AI Filing Summary
Amer Sports, Inc. Chief Financial Officer Andrew E. Page reported routine equity transactions tied to vesting and tax obligations. On April 15, he exercised 13,750 Restricted Stock Units, receiving the same number of Ordinary Shares at a conversion price of $0.00 per share.
On April 16, 6,005 Ordinary Shares were sold at a weighted average price of about $36.26 per share under an automatic sell to cover arrangement to satisfy tax withholding tied to the vesting. The filing notes this was not a discretionary trade. Following these transactions, Page directly holds 11,828 Ordinary Shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 6,005 | $36.26 | $218K |
| Exercise | Restricted Stock Units | 13,750 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 13,750 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one Ordinary Share of Amer Sports, Inc.
- F2. Shares sold pursuant to a sell to cover transaction to satisfy tax withholding obligations upon the vesting of equity awards. The sales were executed automatically pursuant to a sell to cover arrangement and do not represent a discretionary trade by the Reporting Person.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.08 to $36.45, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. Reflects restricted stock units granted under the Amer Sports, Inc. 2024 Omnibus Incentive Plan (the "2024 Omnibus Plan") on April 15, 2024, which are scheduled to vest in equal installments on the second and third anniversaries of the grant date, subject to the terms of the 2024 Omnibus Plan and the applicable award agreement.
Key Figures
Key Terms
Restricted Stock Units financial
sell to cover transaction financial
weighted average price financial
2024 Omnibus Incentive Plan financial
FAQ
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