Equity awards vest for National Vision (EYE) executive amid tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Vision Holdings Chief Brand & Marketing Officer Joseph VanDette reported equity compensation activity. On March 3, he acquired 6,350 shares of common stock from restricted stock units and 25,394 shares from performance stock units through derivative exercises at $0 per share, while disposing of 2,095 and 7,502 shares of common stock at $26.63 per share to cover tax liabilities related to these vestings.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,350 shares exercised/converted
Mixed
5 txns
Insider
VanDette Joseph
Role
Chief Brand & Mktg 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 | 2,095 | $26.63 | $56K |
| Exercise | Common Stock | 25,394 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,502 | $26.63 | $200K |
Holdings After Transaction:
Restricted Stock Units — 28,036 shares (Direct);
Common Stock — 24,481 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 transactions did EYE executive Joseph VanDette report?
Joseph VanDette reported equity award vesting and related tax withholding transactions. He exercised restricted and performance stock units into common stock and disposed of some shares to cover tax liabilities tied to these vestings, rather than executing open-market purchases or sales.
What does the Form 4 reveal about EYE restricted stock units?
The filing shows restricted stock units convert into common stock on a one-for-one basis. It notes a prior grant of 19,050 restricted stock units to Joseph VanDette on March 3, 2023, vesting in three equal installments beginning on the first anniversary of the grant date.