National Vision (EYE) Form 4: 7.4K RSU Award to Director McGrann

Rhea-AI Filing Summary

National Vision Holdings, Inc. (EYE) – Form 4 filing overview:

Director James M. McGrann reported the grant of 7,392 restricted stock units (RSUs) on 18 June 2025. Each RSU represents the right to receive one share of common stock and will vest in full on the first anniversary of the grant date. Following the award, McGrann’s direct beneficial ownership rises to 10,719 shares. The transaction was coded “A” (acquired) and carries a price of $0, indicating it is part of routine director compensation rather than an open-market purchase.

No derivative securities were reported, and there are no indications of sales or dispositions. The disclosure is single-person, routine, and compensation-related, with limited immediate market impact.

Insights

Financial Analyst

TL;DR: Routine director RSU grant; minimal investment impact.

The Form 4 shows a standard annual equity award of 7,392 RSUs to Director James M. McGrann. Because the shares are granted at no cost and vest after one year, the filing reflects board-level compensation rather than an expression of insider conviction via cash purchase. Post-grant holdings total 10,719 shares, which remains immaterial relative to EYE’s roughly 83 million shares outstanding. There are no sales, no derivatives exercised, and no price insight offered. Consequently, the event should be viewed as neutral for valuation or sentiment purposes.

Corporate Governance Expert

TL;DR: Filing confirms alignment incentives; governance standard.

The RSU grant is consistent with prevalent governance practices to align director interests with shareholder value. A one-year vesting cliff encourages short-term engagement but is not excessively long to dilute accountability. No red flags such as accelerated vesting or preferential pricing appear. As the award size is modest versus market cap, it does not materially dilute shareholders. Overall, the disclosure is routine and non-impactful.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McGrann James M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	7,392	$0.00	--

Holdings After Transaction: Restricted Stock Units — 10,719 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McGrann James M.

(Last) (First) (Middle)

2435 COMMERCE AVENUE, BLDG 2200

(Street)

DULUTH GA 30096

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
National Vision Holdings, Inc. [ EYE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Restricted Stock Units	06/18/2025		A		7,392(1)	A	$0	10,719	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of National Vision Holdings, Inc. common stock. The RSUs vest in full on the first anniversary of the date of grant.

Remarks:

	/s/ Jared Brandman, as Attorney-in-Fact	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares did Director James M. McGrann acquire according to the Form 4 for EYE?

7,392 restricted stock units were granted on 18 June 2025.

What is the vesting schedule for the newly granted RSUs to EYE's director?

The RSUs vest in full one year after the grant date.

What is James M. McGrann's total beneficial ownership in National Vision Holdings after the transaction?

He now beneficially owns 10,719 shares directly.

Was the transaction an open-market purchase or part of compensation?

It was a compensation grant (Transaction code “A”, price $0), not an open-market purchase.

Does this Form 4 filing indicate any sale of National Vision (EYE) shares?

No. The filing reports only an acquisition; there were no dispositions.