Extreme Networks (NASDAQ: EXTR) gives CFO 110K new RSUs
Rhea-AI Filing Summary
EXTREME NETWORKS INC (EXTR) reported multiple equity compensation events for EVP and Chief Financial Officer Kevin R. Rhodes. On 2026-08-16, he received 39,255 and 35,919 shares of common stock from performance awards after Compensation Committee certification, while shares were also withheld at $24.41 per share to cover income and payroll taxes on released awards. Around 2026-08-15, time-based RSUs covering 9,819 and 35,884 shares were converted into common stock, with related tax-withholding share dispositions, and a new time-based RSU award for 110,000 underlying shares was granted, vesting over time from the original grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 67,266 shares
Net Buy
11 txns
Insider
RHODES KEVIN R
Role
EVP Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F3 | 39,255 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 17,410 | $24.41 | $425K |
| Grant/Award | Common Stock F4 | 35,919 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 15,931 | $24.41 | $389K |
| Exercise | Restricted Stock Units F5 | 9,819 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5 | 35,884 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F5 | 110,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 9,819 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 4,355 | $24.41 | $106K |
| Exercise | Common Stock | 35,884 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 15,915 | $24.41 | $388K |
Holdings After Transaction:
Restricted Stock Units — 221,149 shares (Direct);
Common Stock — 218,628 shares (Direct)
Footnotes (5)
- F1. An additional 66 shares are included in this total, reflecting non-reportable purchase of 66 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
- F2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F3. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2024. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
- F4. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2025. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
- F5. 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
Performance award shares (2024 grant): 39,255 shares
Performance award shares (2025 grant): 35,919 shares
New time-based RSU grant: 110,000 shares
+5 more
8 metrics
Performance award shares (2024 grant)
39,255 shares
Common stock issued from performance award dated 08/15/2024 after certification on 08/16/2026
Performance award shares (2025 grant)
35,919 shares
Common stock issued from performance award dated 08/15/2025 after certification on 08/16/2026
New time-based RSU grant
110,000 shares
Restricted Stock Units granted 2026-08-15, vesting 1/3 after one year and 1/12 quarterly thereafter
RSUs converted to common stock
9,819 shares
Restricted Stock Units exercised into EXTR common stock on 2026-08-15 at $0.00 exercise price
Additional RSUs converted to common stock
35,884 shares
Restricted Stock Units exercised into EXTR common stock on 2026-08-15 at $0.00 exercise price
Tax withholding price
$24.41 per share
Price used for shares withheld to cover income and payroll withholding taxes on award releases
Shares for tax withholding (code F)
53,611 shares
Total shares delivered or withheld to pay income and payroll withholding taxes on 2026-08-15 and 2026-08-16
Derivative exercises (RSUs)
45,703 shares
Total RSU shares exercised or converted as reported in the transaction summary
Key Terms
Restricted Stock Units, performance award, Employee Stock Purchase Plan (ESPP), withholding taxes, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying common stock shares"
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.
performance award financial
"Represents shares of common stock issued to the Reporting Person pursuant to a performance award"
Employee Stock Purchase Plan (ESPP) financial
"non-reportable purchase of 66 shares in connection with the Company's Employee Stock Purchase Plan (ESPP)"
withholding taxes financial
"shares withheld from the released share award for the payment of applicable income and payroll withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Compensation Committee financial
"certification thereof by the Compensation Committee, which certification occurred on 08/16/2026"
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.
FAQ
What equity awards did EXTR CFO Kevin R. Rhodes receive in this Form 4?
Kevin R. Rhodes received common stock from two performance awards totaling 39,255 and 35,919 shares, plus a new time-based RSU grant covering 110,000 shares of Extreme Networks common stock, all reported as equity compensation transactions on 2026-08-15 and 2026-08-16.
What performance-based stock awards for EXTR vested for Kevin R. Rhodes?
Rhodes received 39,255 EXTR shares from a performance award dated 08/15/2024 and 35,919 shares from a performance award dated 08/15/2025. The number of shares earned depended on performance conditions and Compensation Committee certification on 08/16/2026.
What RSU conversions into EXTR common stock were reported for Kevin R. Rhodes?
Two RSU exercises were reported converting 9,819 and 35,884 Restricted Stock Units into an equal number of EXTR common shares at a $0.00 exercise price. These represent time-based RSU vesting events rather than market purchases or sales of stock.
Did the EXTR Form 4 report any ESPP purchases for Kevin R. Rhodes?
A footnote states that the total reported common stock amount includes an additional 66 shares acquired through Extreme Networks’ Employee Stock Purchase Plan. This ESPP purchase was considered non-reportable as a separate transaction but is reflected within the aggregate share total.
AI-generated analysis. How Rhea-AI works. Not financial advice.
