Equity awards vest for 8x8 (EGHT) CAO as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8, Inc. Chief Accounting Officer Suzy M. Seandel reported equity-based compensation activity involving performance share units (PSUs). On May 27, 2026, two PSU tranches vested, creating 25,899 and 27,472 shares of Common Stock, which were recorded as acquisitions under grant and award transactions.
To cover related income tax obligations on these vested PSUs, the company withheld 13,177 and 13,977 shares, respectively, at a reference price of $2.12 per share, which the disclosure specifies does not represent open-market sales by Seandel. After these transactions, she directly held between about 448,689 and 476,161 shares as shown by the post-transaction ownership entries.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Seandel Suzy M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,899 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,177 | $2.12 | $28K |
| Grant/Award | Common Stock | 27,472 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,977 | $2.12 | $30K |
Holdings After Transaction:
Common Stock — 461,866 shares (Direct, null)
Footnotes (1)
- The reporting person was awarded 70,000 performance share units (PSUs) on September 15, 2024, which were eligible to vest in three equal installments based on achievement of each associated performance goal. On May 27, 2026, the second installment of 23,333 PSUs vested at 111% of target, such that 25,899 shares became issuable. Of these shares, 12,722 were issued to the reporting person and the remaining 13,177 were withheld to pay the associated tax liability. Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the vested PSUs and does not represent a sale by the reporting person. The reporting person was awarded 74,250 performance share units (PSUs) on June 6, 2025, which were eligible to vest in three equal installments based on achievement of each associated performance goal. On May 27, 2026, the first installment of 24,750 PSUs vested at 111% of target, such that 27,472 shares became issuable. Of these shares, 13,495 were issued to the reporting person and the remaining 13,977 were withheld to pay the associated tax liability.
Key Figures
PSU vesting tranche 1: 25,899 shares
PSU vesting tranche 2: 27,472 shares
Tax-withheld shares total: 27,154 shares
+3 more
6 metrics
PSU vesting tranche 1
25,899 shares
Common Stock issuable from PSUs vested May 27, 2026
PSU vesting tranche 2
27,472 shares
Common Stock issuable from PSUs vested May 27, 2026
Tax-withheld shares total
27,154 shares
Shares withheld to satisfy income tax obligations on vested PSUs
Tax reference price
$2.12 per share
Value used for F-code tax-withholding dispositions
Post-transaction holdings (high)
476,161 shares
Direct Common Stock ownership after one acquisition entry
Post-transaction holdings (low)
448,689 shares
Direct Common Stock ownership after a later withholding entry
Key Terms
performance share units (PSUs), vested at 111% of target, net settlement, income tax withholding, +1 more
5 terms
vested at 111% of target financial
"On May 27, 2026, the second installment of 23,333 PSUs vested at 111% of target..."
net settlement financial
"in connection with the net settlement of the vested PSUs and does not represent a sale..."
income tax withholding financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations..."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did 8x8 (EGHT) Chief Accounting Officer Suzy Seandel report in this Form 4?
Suzy Seandel reported PSU-based equity compensation activity, including vested performance share units converting into common stock and related tax-withholding share dispositions, all classified as non-open-market transactions tied to compensation rather than discretionary share purchases or sales.
Were any of Suzy Seandel’s 8x8 (EGHT) Form 4 transactions open-market sales?
No. The filing states shares were withheld by 8x8 to satisfy income tax withholding obligations from vested PSUs. Footnotes clarify these F-code transactions do not represent sales by Suzy Seandel on the open market.