Extreme Networks (EXTR) CFO logs RSU vesting, share grant and tax withholding transactions
Rhea-AI Filing Summary
EXTREME NETWORKS INC EVP and CFO Kevin R. Rhodes reported a series of stock-based compensation events and related tax withholdings. On May 30, 2026, restricted stock units for 11,860 shares of common stock were converted, and 5,260 shares were withheld to cover income and payroll taxes, according to the footnotes.
On June 1, 2026, 22,722 additional shares were withheld for tax obligations tied to a performance-based award, while 51,233 shares of common stock were granted to Rhodes at no cost upon certification of performance conditions by the Compensation Committee. Following these transactions, he directly held 186,296 shares of common stock. All dispositions were for tax withholding rather than open-market sales, indicating routine administration of equity compensation awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,111 shares
Net Buy
5 txns
Insider
RHODES KEVIN R
Role
EVP Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 51,233 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,722 | $28.13 | $639K |
| Exercise | Restricted Stock Units | 11,860 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,860 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,260 | $26.51 | $139K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 186,296 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F2. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 05/30/2023. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 06/01/2026.
- F3. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.
Key Figures
RSU conversion: 11,860 shares
Tax withholding (May 30, 2026): 5,260 shares at $26.51
Tax withholding (June 1, 2026): 22,722 shares at $28.13
+3 more
6 metrics
RSU conversion
11,860 shares
Restricted Stock Units converted to common stock on May 30, 2026
Tax withholding (May 30, 2026)
5,260 shares at $26.51
Shares withheld to pay income and payroll taxes
Tax withholding (June 1, 2026)
22,722 shares at $28.13
Additional shares withheld for tax obligations on released award
Performance share grant
51,233 shares
Common stock issued upon certification of performance award on June 1, 2026
Shares held after transactions
209,018 shares
Direct common stock holdings of Kevin Rhodes following reported events
Total tax-withheld shares
27,982 shares
Combined May 30 and June 1, 2026 tax-withholding dispositions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, performance award, +1 more
5 terms
Restricted Stock Units financial
"The security title includes Restricted Stock Units, which converted into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"The transaction action is described as a tax-withholding disposition of shares."
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.
derivative exercise/conversion financial
"One transaction is labeled as a derivative exercise/conversion of RSUs."
performance award financial
"Shares were issued pursuant to a performance award dated 05/30/2023."
Compensation Committee financial
"Performance shares were earned after certification by the Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Extreme Networks (EXTR) CFO Kevin Rhodes report in this Form 4?
Kevin Rhodes reported equity compensation activity, including RSU vesting, share grants, and shares withheld for taxes. The filing shows routine administration of stock-based pay, rather than open-market purchases or sales of Extreme Networks common stock by the CFO.
What equity awards for Extreme Networks vested or converted for Kevin Rhodes?
An RSU award for 11,860 shares converted into common stock, fully exhausting that derivative position. In addition, a separate performance award dated May 30, 2023 resulted in 51,233 shares being issued once the Compensation Committee certified performance results on June 1, 2026.