Director at Henry Schein (NASDAQ: HSIC) granted 2,577 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERRING JOSEPH L reported acquisition or exercise transactions in this Form 4 filing.
Henry Schein Inc. director Joseph L. Herring received an equity award of 2,577 shares of common stock at a stated price of $0.00 per share. The grant was made under the company’s 2023 Non-Employee Director Stock Incentive Plan and is structured as restricted stock units.
These restricted stock units are subject to 12-month cliff vesting and require Mr. Herring’s continued service with the company for vesting to occur, subject to certain exceptions. Following this award, his directly held position increased to 30,325 shares of Henry Schein common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HERRING JOSEPH L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock par value $0.01 per share | 2,577 | $0.00 | -- |
Holdings After Transaction:
Common Stock par value $0.01 per share — 30,325 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HSIC director Joseph L. Herring report?
Joseph L. Herring reported receiving an equity award of 2,577 shares of Henry Schein common stock. The award was granted at a stated price of $0.00 per share under the 2023 Non-Employee Director Stock Incentive Plan.
What type of equity award did HSIC grant to director Joseph L. Herring?
Henry Schein granted Joseph L. Herring 2,577 restricted stock units under its 2023 Non-Employee Director Stock Incentive Plan. These units represent a right to receive common stock subject to specified vesting conditions over time.
What are the vesting terms for Joseph L. Herring’s 2,577 restricted stock units at HSIC?
The 2,577 restricted stock units vest on a 12-month cliff schedule, subject to certain exceptions. Vesting requires the continued performance of services by Joseph L. Herring for Henry Schein throughout the specified period.
Was there any cash consideration in Joseph L. Herring’s latest HSIC equity grant?
No cash consideration was involved; the restricted stock units were granted at a stated price of $0.00 per share. This reflects a stock-based compensation award rather than an open-market purchase by the director.
Under which plan was the Henry Schein (HSIC) equity award to Joseph L. Herring granted?
The 2,577 restricted stock units awarded to Joseph L. Herring were granted under Henry Schein’s 2023 Non-Employee Director Stock Incentive Plan. This plan governs stock-based compensation for non-employee members of the board.