Equity awards vest for National Vision (EYE) SVP with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Vision Holdings SVP and Chief People Officer Bill Clark reported equity award vesting and related share withholding. Restricted stock units converted into 6,350 shares of common stock on a one-for-one basis, and performance stock units vested into additional common shares granted on March 3, 2023.
To cover tax liabilities upon these vestings, 2,069 and 7,502 common shares were withheld at a price of $26.63 per share, described as payment of tax liability by delivering securities. Following these transactions, Clark continued to hold directly reported shares of common stock and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,350 shares exercised/converted
Mixed
5 txns
Insider
Clark Bill
Role
SVP, Chief People 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 | 2,069 | $26.63 | $55K |
| 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 — 48,601 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 National Vision (EYE) report for Bill Clark?
Bill Clark reported vesting of restricted stock units and performance stock units that converted into common shares. Some shares were withheld to pay tax liabilities, classified as tax-withholding dispositions rather than open market sales, all on March 3, 2026.
Were Bill Clark’s National Vision (EYE) transactions open market buys or sells?
The transactions were not open market buys or sells. They involved exercises or conversions of equity awards and tax-withholding dispositions, where shares were withheld at $26.63 per share to satisfy tax obligations triggered by vesting events.
What do the restricted stock units mean in the National Vision (EYE) filing?
The restricted stock units convert into common stock on a one-for-one basis. When they vest, the units automatically become shares, increasing the insider’s common stock holdings before any shares are withheld to cover associated tax liabilities.
How were performance stock units treated in the National Vision (EYE) Form 4?
The Form 4 notes issuance of shares upon vesting of performance stock units granted on March 3, 2023. These units converted into common shares at vesting, with a portion then withheld to pay taxes, according to the filing’s footnotes.
What is the significance of the $26.63 price in National Vision (EYE) insider transactions?
The $26.63 per share figure is the price used for tax-withholding dispositions. Shares were delivered or withheld at this price to satisfy tax liabilities arising from the vesting of restricted stock units and performance stock units, not from discretionary market trades.