8x8 (EGHT) Chief Legal Officer reports PSU vesting and 32,098 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
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 409,634 shares of 8x8 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,625 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,210 | $2.12 | $39K |
| Grant/Award | Common Stock | 31,746 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,888 | $2.12 | $29K |
Holdings After Transaction:
Common Stock — 409,634 shares (Direct, null)
Footnotes (1)
- 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. 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 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
2024 PSU award size: 112,500 PSUs
2025 PSU award size: 85,800 PSUs
Shares issuable from 2024 PSU vesting: 41,625 shares
+5 more
8 metrics
2024 PSU award size
112,500 PSUs
Granted September 15, 2024
2025 PSU award size
85,800 PSUs
Granted June 6, 2025
Shares issuable from 2024 PSU vesting
41,625 shares
Second installment vested at 111% of target on May 27, 2026
Shares issuable from 2025 PSU vesting
31,746 shares
First installment vested at 111% of target on May 27, 2026
Shares withheld for taxes (2024 PSU)
18,210 shares
Tax withholding on vested PSUs
Shares withheld for taxes (2025 PSU)
13,888 shares
Tax withholding on vested PSUs
Tax withholding reference price
$2.12 per share
Used for F-code tax-withholding dispositions
Shares held after transactions
409,634 shares
Direct ownership following May 27, 2026 activity
Key Terms
performance share units, tax-withholding disposition, net settlement, grant, award, or other acquisition, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
net settlement financial
"in connection with the net settlement of the vested PSUs"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
income tax withholding and remittance obligations financial
"withheld by the issuer to satisfy its income tax withholding and remittance obligations"
FAQ
What did 8x8 (EGHT) Chief Legal Officer Laurence Denny report in this Form 4?
Laurence Denny reported PSU-based equity compensation vesting and related tax withholding. Two performance share awards vested, resulting in new 8x8 common shares being issued to him and additional shares withheld by the company to satisfy income tax obligations.
Were any open-market purchases or sales of 8x8 (EGHT) stock reported in this Form 4?
No open-market purchases or sales were reported. The transactions involve share grants and shares withheld by 8x8 to satisfy tax obligations upon PSU vesting, which the filing explicitly states do not represent sales by the reporting person.