8x8 CLO reports PSU vesting and tax withholding
8x8, Inc. Chief Legal Officer Laurence Denny reported equity compensation activity tied to performance share units (PSUs).
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Rhea-AI Filing Summary
8x8, Inc. Chief Legal Officer Laurence Denny reported equity compensation activity tied to performance share units (PSUs). On May 27, 2026, portions of two PSU awards granted on September 15, 2024 and June 6, 2025 vested at 111% of target, making 41,625 and 31,746 common shares issuable, respectively.
From these amounts, 23,415 and 17,858 shares were issued to Denny, while 18,210 and 13,888 shares were withheld by 8x8 to cover tax obligations at a reference price of $2.12 per share, which the filing notes are not open-market sales. Following these transactions, Denny directly holds 409,282 shares of 8x8 common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,625 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,210 | $2.12 | $39K |
| Grant/Award | Common Stock | 31,746 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,888 | $2.12 | $29K |
Footnotes (3)
- F1. The reporting person was awarded 112,500 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 37,500 PSUs vested at 111% of target, such that 41,625 shares became issuable. Of these shares, 23,415 were issued to the reporting person and the remaining 18,210 were withheld to pay the associated tax liability.
- F2. 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.
- F3. The reporting person was awarded 85,800 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 28,600 PSUs vested at 111% of target, such that 31,746 shares became issuable. Of these shares, 17,858 were issued to the reporting person and the remaining 13,888 were withheld to pay the associated tax liability.
Key Figures
Key Terms
tax-withholding disposition financial
net settlement financial
grant, award, or other acquisition financial
income tax withholding and remittance obligations financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did 8x8 (EGHT) Chief Legal Officer Laurence Denny report in this Form 4?
Were any open-market purchases or sales of 8x8 (EGHT) stock reported in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.