Benchmark Electronics (BHE) COO receives RSU grants and withholds shares for taxes
Rhea-AI Filing Summary
Benchmark Electronics EVP and COO David Valkanoff reported equity awards and related tax withholding transactions. On February 20, 2026, he acquired 11,991 performance-based restricted stock units, representing a target award that can range from zero to up to two times that target based on performance from January 1, 2026 to December 31, 2028, with shares to be determined and issued by March 15, 2029.
He also acquired 11,991 shares of common stock and an additional 6,424 shares of common stock through restricted stock unit awards, scheduled to vest in ratable installments over three years and two years, respectively, from the grant date. In a related tax-withholding transaction, 2,406 shares of common stock were disposed of at $58.38 per share to cover taxes due upon vesting of restricted stock units, leaving him with 63,939 common shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units | 11,991 | $0.00 | -- |
| Grant/Award | Common Stock | 11,991 | $0.00 | -- |
| Grant/Award | Common Stock | 6,424 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,406 | $58.38 | $140K |
Footnotes (1)
- These shares are represented by a resticted stock unit award bearing the right to receive Common Shares and are scheduled to vest in ratable installments over a three-year period from the grant date. These shares are represented by a resticted stock unit award bearing the right to receive Common Shares and are scheduled to vest in ratable installments over a two-year period from the grant date. These shares are being withheld to cover taxes related to the vesting of restricted stock units. This reflects the target number of performance-based restricted stock units awarded. Actual awards may vary from as low as zero to as high as 2 times the target. As soon as reasonably practicable following the end of the Performance Period (beginning on January 1, 2026 and ending on December 31, 2028) and in no event later than March 15, 2029, the number of shares that may ultimately be earned will be determined and issued.