Equity awards vest for National Vision (EYE) executive with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Vision Holdings executive Priti V. Patel reported equity award activity in company stock. On March 3, she acquired 2,989 restricted stock units that convert one-for-one into common shares and received common stock from vested performance stock units. To cover related tax liabilities, she disposed of 1,070 and 4,314 common shares at $26.63 per share through share withholding, leaving her with directly owned common stock and remaining restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,989 shares exercised/converted
Mixed
5 txns
Insider
Patel Priti V
Role
Head of Emerging Brands
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,989 | $0.00 | -- |
| Exercise | Common Stock | 2,989 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,070 | $26.63 | $28K |
| Exercise | Common Stock | 11,951 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,314 | $26.63 | $115K |
Holdings After Transaction:
Restricted Stock Units — 28,036 shares (Direct);
Common Stock — 18,839 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 8,965 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did Priti V. Patel report at National Vision (EYE)?
Priti V. Patel reported equity award activity, including the acquisition of restricted and performance stock units that converted into common shares. She also had shares withheld to pay taxes related to these vestings, resulting in both acquired and disposed common stock positions.
Did the National Vision (EYE) insider Form 4 show open-market buying or selling?
The Form 4 shows no open-market buying or selling. Transactions reflect equity award vesting, derivative exercises at a zero price, and tax-withholding dispositions where shares were withheld at $26.63 per share to satisfy tax obligations, not discretionary trading in the market.
What equity awards vested for Priti V. Patel at National Vision (EYE)?
Restricted stock units and performance stock units vested for Priti V. Patel. Footnotes state restricted stock units convert into common stock on a one-for-one basis, and shares were issued upon vesting of performance stock units originally granted on March 3, 2023, in scheduled installments.
What is Priti V. Patel’s role at National Vision (EYE) in this Form 4?
In this Form 4, Priti V. Patel is identified as an officer of National Vision, serving as Head of Emerging Brands. The reported transactions involve her direct ownership of restricted stock units and common stock received or withheld in connection with equity award vesting events.
How do restricted stock units convert in the National Vision (EYE) Form 4?
The filing states that restricted stock units convert into common stock on a one-for-one basis. When these units vest, an equivalent number of National Vision common shares is issued, with some shares potentially withheld at vesting to satisfy associated tax liabilities.