Amer Sports (NYSE: AS) exec sells shares to cover RSU taxes
Rhea-AI Filing Summary
Amer Sports, Inc. executive Stuart Haselden, CEO of Arc'teryx Equipment, reported routine equity award activity. On April 15, he exercised 21,265 restricted stock units, each converting into one Ordinary Share at a conversion price of $0.00 per share.
On April 16, 11,438 Ordinary Shares were sold at a weighted average price of $36.26 per share, in transactions ranging from $36.08 to $36.45, solely to satisfy tax withholding obligations under an automatic sell to cover arrangement, not a discretionary trade. Following these transactions, he directly held 15,275 Ordinary Shares and 21,264 restricted stock units granted under the 2024 Omnibus Incentive Plan that are scheduled to vest in generally equal installments on the second and third anniversaries of the April 15, 2024 grant date.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 11,438 | $36.26 | $415K |
| Exercise | Restricted Stock Units | 21,265 | $0.00 | -- |
| Exercise | Ordinary Shares | 21,265 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one Ordinary Share of Amer Sports, Inc. 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. 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. 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 generally 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.