Enovis (ENOV) executive awarded 36,247 RSUs; 2,376 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovis Corp executive Terry D. Ross, Group President, P&R, received a grant of 36,247 shares of common stock in the form of restricted stock units. These RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
On a related date, 2,376 shares were withheld by the company at $24.5100 per share to cover tax withholding and remittance obligations tied to the net settlement of RSUs; this did not represent an open-market sale. After these transactions, Ross directly holds 68,477 shares of Enovis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ROSS TERRY D
Role
GROUP PRESIDENT, P&R
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.001 | 36,247 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 2,376 | $24.51 | $58K |
Holdings After Transaction:
Common stock, par value $0.001 — 68,477 shares (Direct)
Footnotes (1)
- Represents shares that have been withheld by the Company to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the reporting person. This award represents restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
FAQ
What did Enovis (ENOV) executive Terry D. Ross receive in this Form 4 filing?
Terry D. Ross received a grant of 36,247 restricted stock units. These RSUs are tied to Enovis common stock and vest in three equal annual installments starting on the first anniversary of the grant date, aligning compensation with longer-term company performance.
How do the 36,247 restricted stock units for Enovis (ENOV) vest over time?
The 36,247 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one-third of the award becomes deliverable each year, encouraging longer-term retention and alignment with shareholder interests.
What does the tax withholding transaction mean in the Enovis (ENOV) Form 4?
The tax withholding transaction reflects 2,376 shares withheld by the company to cover taxes on RSU settlement. It is coded as an F transaction and explicitly described as not being a sale, indicating no discretionary open-market selling by the executive.
Is the Enovis (ENOV) Form 4 for Terry D. Ross a routine compensation event?
The filing shows a grant of 36,247 restricted stock units and related tax withholding. Both are typical elements of equity-based executive compensation, structured to vest over several years and to settle tax liabilities without requiring the executive to sell shares in the market.