Haemonetics (NYSE: HAE) CFO granted 29,312 RSUs with tax withholding
Rhea-AI Filing Summary
Haemonetics Corporation EVP and CFO James DArecca reported a new equity compensation grant. He received 29,312 shares of common stock in the form of restricted stock units (RSUs) at no cash cost, increasing his direct equity-based position.
In a related transaction, 2,505 shares were withheld at a market price of $56.29 per share to cover tax obligations tied to RSU vesting, which is not an open-market sale. After these transactions, he directly holds 25,132 shares, a figure that includes previously reported unvested RSUs.
The RSU award was granted under Haemonetics’ Amended and Restated 2019 Long-Term Incentive Compensation Plan. The units vest in three annual installments, with 40% vesting on each of the first two anniversaries of the grant date and the remaining 20% vesting on the third anniversary. Each RSU converts into one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,505 | $56.29 | $141K |
| Grant/Award | Common Stock | 29,312 | $0.00 | -- |
Footnotes (1)
- Represents shares withheld for tax obligations in connection with the vesting of certain restricted stock units ("RSUs") previously reported in Table I. This number includes unvested RSUs previously reported. The securities awarded are in the form of RSUs issued pursuant to the Haemonetics Corporation Amended and Restated 2019 Long-Term Incentive Compensation Plan. The RSUs vest in three annual installments with forty percent of the total award vesting on the first anniversary of the date of grant, forty percent vesting on the second anniversary of the date of grant and the remaining twenty percent vesting on the third anniversary of the date of grant. Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock when vested.