Enovix CAO reports tax RSU share withholdings
Enovix Corp Chief Accounting Officer Kristina Truong reported routine share withholdings for taxes tied to equity compensation, not open-market trades.
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported routine share withholdings for taxes tied to equity compensation, not open-market trades. On April 1 and April 5, a total of 2,858 shares of common stock were withheld to cover tax obligations associated with vesting restricted stock units.
After these tax-withholding dispositions, Truong held 215,498 shares of Enovix common stock directly. This figure includes 129,439–130,643 shares issuable upon future vesting and settlement of RSUs, as well as vested performance restricted stock units scheduled for release in March and April 2027–2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 638 | $5.06 | $3K |
| Exercise Price or Tax Liability | Common Stock | 2,220 | $4.97 | $11K |
Footnotes (3)
- F1. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
- F2. Includes 130,643 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance restricted stock units ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F3. Includes 129,439 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
performance restricted stock units ("PRSUs") financial
tax withholding obligations financial
FAQ
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What did Enovix (ENVX) insider Kristina Truong report in this Form 4?
What future Enovix (ENVX) stock releases are scheduled for Kristina Truong’s PRSUs?
What types of equity awards does the Enovix (ENVX) Form 4 reference for Kristina Truong?
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