8x8 (EGHT) Chief Product Officer logs PSU vesting, tax-withheld shares
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,600 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 33,886 | $2.12 | $72K |
| Grant/Award | Common Stock | 43,956 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,364 | $2.12 | $47K |
Footnotes (3)
- F1. 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.
- 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 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
Key Terms
net settlement financial
income tax withholding financial
grant, award, or other acquisition financial
tax-withholding disposition financial
AI-generated analysis. How Rhea-AI works. Not financial advice.