Equity vesting lifts National Vision (EYE) officer’s direct share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Vision Holdings, Inc. Chief Legal & Strategy Officer Jared Brandman reported vesting of equity awards and related tax withholdings. On March 3, he exercised restricted stock units that convert to common stock one-for-one, receiving 6,350 common shares, and now holds 38,160 restricted stock units.
He also received 25,394 common shares upon vesting of performance stock units originally granted on March 3, 2023. To cover tax liabilities from both the restricted and performance stock unit vestings, 2,036 and 7,502 common shares, respectively, were withheld. Following these transactions, he directly owns 69,246 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,350 shares exercised/converted
Mixed
5 txns
Insider
Brandman Jared
Role
Chief Legal & Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,350 | $0.00 | -- |
| Exercise | Common Stock | 6,350 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,036 | $26.63 | $54K |
| Exercise | Common Stock | 25,394 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,502 | $26.63 | $200K |
Holdings After Transaction:
Restricted Stock Units — 38,160 shares (Direct);
Common Stock — 53,390 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Reflects payment of tax liability by withholding securities incident to vesting of restricted stock units. Reflects issuance of shares upon vesting of performance stock units granted to the reporting person on March 3, 2023. Reflects payment of tax liability by withholding securities incident to vesting of performance stock units. On March 3, 2023, the reporting person was granted 19,050 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
FAQ
What insider activity did EYE’s Jared Brandman report on this Form 4?
Jared Brandman reported equity award vesting and related tax withholdings. Restricted and performance stock units converted into common stock, increasing his direct holdings, while a portion of the new shares was withheld to satisfy tax obligations associated with those vestings.
How many National Vision (EYE) restricted stock units does Jared Brandman hold after the filing?
After the reported transactions, Jared Brandman holds 38,160 restricted stock units. These units convert into National Vision common stock on a one-for-one basis upon vesting, providing a clear link between the number of units reported and potential future common shares received.
Were any of Jared Brandman’s National Vision (EYE) transactions open-market buys or sells?
No open-market buys or sells were reported. The Form 4 shows exercises and conversions of restricted and performance stock units, plus share dispositions coded “F”, which represent shares withheld to pay tax liabilities rather than discretionary market sales.
What do the tax-withholding transactions mean in Jared Brandman’s EYE Form 4?
The tax-withholding transactions, coded “F”, indicate shares were withheld instead of cash to pay tax liabilities. Specifically, 2,036 and 7,502 common shares were withheld in connection with the vesting of restricted and performance stock units, respectively, reducing the net shares delivered.
What performance stock units vested for Jared Brandman at National Vision (EYE)?
Performance stock units granted to Jared Brandman on March 3, 2023 vested, resulting in the issuance of 25,394 common shares. A portion of these shares was then withheld to cover related tax liabilities, as reflected in the Form 4 footnotes and transaction codes.