Director Daniel receives 2,215-share grant in Henry Schein (HSIC) Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DANIEL WILLIAM K reported acquisition or exercise transactions in this Form 4 filing.
Henry Schein Inc. director William K. Daniel reported equity compensation and updated holdings. He received a grant of 2,215 shares of common stock at $0.00 per share under the company’s 2023 Non-Employee Director Stock Incentive Plan.
The footnote explains these restricted stock units vest after a 12‑month cliff period, subject to his continued service. Following the grant, Daniel directly holds 7,641 shares. Separately, 20,000 shares are held indirectly in a trust where he and his spouse serve as co‑trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DANIEL WILLIAM K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 2,215 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 7,641 shares (Direct, null);
Common Stock, par value $0.01 per share — 20,000 shares (Indirect, The Reporting Person and spouse as Co-Trustees of a trust for the benefit of the Reporting Person.)
Footnotes (1)
- [object Object]
Key Figures
Director grant size: 2,215 shares
Grant price: $0.00 per share
Direct holdings after grant: 7,641 shares
+2 more
5 metrics
Director grant size
2,215 shares
Common stock grant under 2023 Non-Employee Director Stock Incentive Plan
Grant price
$0.00 per share
Reported transaction price for the 2,215-share award
Direct holdings after grant
7,641 shares
Total directly held Henry Schein common stock post-transaction
Indirect trust holdings
20,000 shares
Shares held via trust with reporting person and spouse as co-trustees
Cliff vesting period
12 months
Time-based vesting requirement for the restricted stock units
Key Terms
2023 Non-Employee Director Stock Incentive Plan, restricted stock units, 12-months cliff vesting, indirect ownership, +1 more
5 terms
2023 Non-Employee Director Stock Incentive Plan financial
"Acquired pursuant to the Issuer's 2023 Non-Employee Director Stock Incentive Plan."
restricted stock units financial
"Such restricted stock units will vest subject to the passage of a specified period of time."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
12-months cliff vesting financial
"Subject to certain exceptions, such restricted stock units will vest subject to (i) the passage of a specified period of time (12-months cliff vesting)."
indirect ownership financial
"The Reporting Person and spouse as Co-Trustees of a trust for the benefit of the Reporting Person."
grant, award, or other acquisition financial
"Transaction code description: Grant, award, or other acquisition."
FAQ
What insider transaction did Henry Schein (HSIC) director William K. Daniel report?
He reported an equity compensation grant of 2,215 shares of Henry Schein common stock. These were issued at $0.00 per share as a non-employee director award, increasing his directly held stake while also disclosing separate indirect trust holdings.
What are William K. Daniel’s Henry Schein (HSIC) direct holdings after the reported grant?
After the grant, he directly holds 7,641 shares of Henry Schein common stock. This figure reflects his post-transaction direct ownership and excludes additional shares that are held indirectly through a trust arrangement disclosed in the same Form 4.
What indirect Henry Schein (HSIC) holdings does William K. Daniel report?
He reports indirect ownership of 20,000 shares of Henry Schein common stock. These are held in a trust for his benefit, where he and his spouse act as co-trustees, indicating a separate block of shares from his directly held position.
How do the granted Henry Schein (HSIC) restricted stock units vest for William K. Daniel?
The restricted stock units vest after a specified 12-month cliff period. Vesting is subject to certain exceptions and requires Daniel’s continued performance of services for Henry Schein, aligning the award with his ongoing role as a non-employee director.
Was William K. Daniel’s Henry Schein (HSIC) Form 4 transaction a market buy or sell?
No, the filing shows a grant or award acquisition, not a market trade. The transaction code is “A,” indicating stock granted as compensation, with a reported price of $0.00 per share rather than an open-market purchase or sale.