EPC Form 4: Executive Exit Triggers Share Disposition and Award Forfeitures
Rhea-AI Filing Summary
Edgewell Personal Care insider filing shows executive departure and resulting equity changes. The Form 4 reports that Daniel Sullivan, the company's Chief Operating Officer, departed on October 1, 2025, triggering the disposition and forfeiture of equity awards. The filing records a disposition of 90,418 shares of common stock and notes that several unvested awards were forfeited upon departure. The form also lists multiple vested stock options and restricted stock equivalents that remained exercisable or convertible after departure, with holders typically having 90 days to exercise vested options. The filing is signed by an attorney-in-fact on October 2, 2025 and includes detailed counts and exercise prices for each option and award.
Positive
- Vested options retained: multiple vested option tranches remain exercisable within the standard 90-day post-departure window
- Detailed disclosure: form provides explicit counts and exercise prices for each option and award enabling clear tracking
Negative
- Disposition of 90,418 shares: reporting person sold or otherwise disposed of 90,418 shares of common stock
- Forfeiture of unvested awards: multiple unvested awards were forfeited upon Mr. Sullivan's departure (counts listed in the filing)
Insights
TL;DR: Departure of a C-suite officer with immediate equity disposition and forfeitures.
The filing documents Daniel Sullivan's departure on October 1, 2025, and an associated sale/disposition of 90,418 shares of common stock. It also records the forfeiture of multiple unvested awards tied to his employment termination. For investors, the key governance signal is an executive exit that prompted automatic equity-accounting actions defined by the company’s award agreements.
TL;DR: Vested awards remain exercisable; numerous unvested awards were forfeited.
The Form 4 lists several vested stock-option tranches and restricted stock equivalents that remain exercisable or convertible and notes a standard 90-day exercise window following departure for vested options. The filing itemizes forfeited unvested awards (counts shown in the form) and lists vested option quantities and exercise prices that the reporting person can still exercise within the post-termination period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Non-Qualified Stock Options 11-11-2022 | 6,132 | $0.00 | -- |
| Other | Non-Qualified Stock Options 11/12/2021 | 0 | $0.00 | -- |
| Other | Non-Qualified Stock Options 11/13/2020 | 0 | $0.00 | -- |
| Other | Non-Qualified Premium Stock Options 11/13/2020 | 0 | $0.00 | -- |
| Other | Non-Qualified Stock Options 11/14/2019 | 0 | $0.00 | -- |
| Other | Non-Qualified Stock Options 11/10/2023 | 13,848 | $0.00 | -- |
| Other | Restricted Stock Equivalent 11/11/2022 | 3,522 | $0.00 | -- |
| Other | Restricted Stock Equivalent 11/10/2023 | 8,182 | $0.00 | -- |
| Other | Restricted Stock Equivalent 11/8/2024 | 17,700 | $0.00 | -- |
| Other | Performance Restricted Stock Equivalent 11/11/2022 | 35,221 | $0.00 | -- |
| Other | Performance Restricted Stock Equivalent 11/10/2023 | 40,912 | $0.00 | -- |
| Other | Performance Restricted Stock Equivalent 11/8/2024 | 53,098 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Unvested award forfeited upon Mr. Sullivan's departure from the Company on October 1, 2025. These options were vested prior to Mr. Sullivan's departure from the Company. He has 90 days from his departure date to exercise them. There were no unvested options for this award to forfeit at the time of Mr. Sullivan's departure from the Company. This is the number of vested and exercisable options that he has 90 days to exercise from the date of his departure.
