Floor & Decor (NYSE: FND) EVP logs tax share surrender and equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings executive David Victor Christopherson, EVP, CAO & CLO, reported offsetting equity transactions in Class A common stock. He disposed of 1,329 shares at $69.61 per share to cover tax withholding on vested RSUs, then received a 2,686‑share performance-based stock award at no cost. The new award is tied to previously certified performance conditions and remains subject to time-based vesting through the third anniversary of the original 2/24/2025 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Christopherson David Victor
Role
EVP, CAO & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock, par value $0.001 | 1,329 | $69.61 | $93K |
| Grant/Award | Class A common stock, par value $0.001 | 2,686 | $0.00 | -- |
Holdings After Transaction:
Class A common stock, par value $0.001 — 24,672 shares (Direct)
Footnotes (1)
- Represents shares underlying restricted stock units ("RSUs") surrendered to satisfy the reporting person's tax withholding obligation upon vesting of the RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e). Represents one sub-tranche of a performance award granted on 2/24/2025. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 2/19/2026. The sub-tranche remains subject to time-based vesting conditions through the end of the third anniversary of the date of grant.
FAQ
What insider transactions did FND executive David Victor Christopherson report?
He reported a tax-related share disposition and a new equity award. Christopherson surrendered 1,329 shares to cover RSU tax withholding and received 2,686 shares from a performance-based stock grant that remains subject to time-based vesting conditions.
Was the FND insider transaction a typical tax-withholding event?
Yes. The 1,329 shares were surrendered to satisfy tax withholding on vested RSUs. The filing notes this deemed disposition is exempt under Rule 16b-3(e), indicating it was an administrative step rather than an open-market sale transaction.
What kind of stock award did FND grant to Christopherson?
He received 2,686 shares from a performance award sub-tranche granted on February 24, 2025. The Compensation Committee certified performance on February 19, 2026, and the shares remain subject to time-based vesting through the end of the third anniversary of grant.