Haemonetics (HAE) EVP Roy Galvin granted RSUs as 879 shares withheld for taxes
Rhea-AI Filing Summary
Haemonetics EVP and Chief Commercial Officer Roy Galvin reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He received a grant of 27,535 shares of common stock in the form of RSUs under the company’s long-term incentive plan. These RSUs vest over three years, with 40% vesting on each of the first two anniversaries of the grant date and 20% on the third anniversary. On the same date, 879 shares valued at $56.29 per share were withheld to cover tax obligations tied to vesting RSUs, rather than sold on the open market. Following these transactions, he directly holds 12,347 shares of common stock, a figure that includes unvested RSUs previously reported and 415 shares acquired through the Haemonetics Corporation 2007 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant and tax withholding with no open-market trading.
The filing shows Roy Galvin, EVP and Chief Commercial Officer of Haemonetics, receiving an equity award of 27,535 RSUs that convert to common stock as they vest. The three-year 40/40/20 vesting schedule is typical for executive long-term incentives.
Separately, 879 shares at $56.29 per share were withheld to satisfy tax obligations on vesting RSUs, not sold in the market. After these events, Galvin directly holds 12,347 shares, including previously reported unvested RSUs and 415 shares from the employee stock purchase plan. Overall, this is standard compensation-related activity with limited signaling value for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 879 | $56.29 | $49K |
| Grant/Award | Common Stock | 27,535 | $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 as well as 415 shares acquired by the reporting person under the Haemonetics Corporation 2007 Employee Stock Purchase Plan (as amended and/or restated from time to time) on April 30, 2026. 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.