8x8 (EGHT) Chief Product Officer logs PSU vesting, tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8 Inc. Chief Product Officer Hunter Middleton reported equity compensation activity tied to performance share units (PSUs). On May 27, 2026, 60,000 PSUs from a September 15, 2024 award vested at 111% of target, making 66,600 shares issuable; 32,714 shares were delivered and 33,886 shares were withheld to cover taxes. On the same date, 39,600 PSUs from a June 6, 2025 award vested at 111% of target, making 43,956 shares issuable; 21,592 shares were issued and 22,364 shares were withheld for taxes. The tax-withholding entries are not market sales but shares retained by the issuer to satisfy income tax obligations. After these transactions, Middleton directly holds 677,867 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Middleton Hunter
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,600 | $0.00 | -- |
| Tax Withholding | Common Stock | 33,886 | $2.12 | $72K |
| Grant/Award | Common Stock | 43,956 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,364 | $2.12 | $47K |
Holdings After Transaction:
Common Stock — 711,753 shares (Direct, null)
Footnotes (1)
- The reporting person was awarded 180,000 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 60,000 PSUs vested at 111% of target, such that 66,600 shares became issuable. Of these shares, 32,714 were issued to the reporting person and the remaining 33,886 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 118,800 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 39,600 PSUs vested at 111% of target, such that 43,956 shares became issuable. Of these shares, 21,592 were issued to the reporting person and the remaining 22,364 were withheld to pay the associated tax liability.
Key Figures
First PSU award size: 180,000 PSUs
Second PSU award size: 118,800 PSUs
Shares issuable from 2024 PSU tranche: 66,600 shares
+5 more
8 metrics
First PSU award size
180,000 PSUs
Granted September 15, 2024; vests in three installments
Second PSU award size
118,800 PSUs
Granted June 6, 2025; vests in three installments
Shares issuable from 2024 PSU tranche
66,600 shares
Second installment vested at 111% of target on May 27, 2026
Shares issuable from 2025 PSU tranche
43,956 shares
First installment vested at 111% of target on May 27, 2026
Shares withheld for taxes (total)
56,250 shares
Tax withholding on vested PSUs, at $2.12 per share for F-code entries
Shares withheld from 2024 PSU tranche
33,886 shares
Retained by issuer to satisfy tax liability on second installment
Shares withheld from 2025 PSU tranche
22,364 shares
Retained by issuer to satisfy tax liability on first installment
Shares held after transactions
677,867 shares
Total 8x8 common stock directly owned by Hunter Middleton after May 27, 2026
Key Terms
performance share units (PSUs), net settlement, income tax withholding, grant, award, or other acquisition, +1 more
5 terms
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"
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.
FAQ
What did 8x8 (EGHT) Chief Product Officer Hunter Middleton report on this Form 4?
Hunter Middleton reported PSU-based stock grants and related tax-withholding transactions. Vested performance share units converted into common shares, with a portion delivered to him and a portion withheld by 8x8 to cover income tax obligations.
Were any of Hunter Middleton’s 8x8 (EGHT) Form 4 transactions open-market sales?
No open-market sales were reported. Shares labeled with transaction code F were withheld by 8x8 to satisfy tax liabilities on vested PSUs, which the footnotes clarify do not represent sales by Hunter Middleton in the market.
What PSU awards to Hunter Middleton are referenced in this 8x8 (EGHT) Form 4?
The Form 4 references 180,000 PSUs granted on September 15, 2024 and 118,800 PSUs granted on June 6, 2025. Each award vests in three equal performance-based installments, with specific tranches vesting and settling into common shares on May 27, 2026.