Henry Schein (HSIC) executive awarded 53,206 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Popeck Thomas C reported acquisition or exercise transactions in this Form 4 filing.
Henry Schein Inc. reported that Thomas C. Popeck, CEO of Henry Schein Products, received a grant of 53,206 shares of common stock in the form of restricted stock units at no cash cost to him. After this grant, he directly holds 88,124 shares.
According to the award terms, 50% of the units are performance-based and will vest on the third anniversary of the grant date if specified performance goals are achieved, with payout ranging from 0% to a maximum of 200%. The remaining 50% will vest in equal installments on each of the first four anniversaries of the grant date, in each case subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Popeck Thomas C
Role
CEO, Henry Schein Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 53,206 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 88,124 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HSIC executive Thomas C. Popeck report?
Thomas C. Popeck reported receiving 53,206 restricted stock units of Henry Schein common stock as a compensation grant. The units were awarded at no cash cost and increase his direct holdings to 88,124 shares, aligning his incentives with long-term company performance and service.
How do the performance-based stock units for HSIC’s Thomas C. Popeck vest?
Half of the grant is performance-based stock units that vest on the third anniversary of the grant date if Henry Schein meets specified performance goals. The payout scales with results, ranging from 0% to a maximum of 200%, directly tying compensation to multi-year performance.
What are the service-based vesting terms of Thomas C. Popeck’s HSIC award?
The remaining 50% of Popeck’s 53,206-unit grant vests in equal installments on each of the first four anniversaries of the grant date. This portion is time-based restricted stock units, requiring continued service through each vesting date to receive the underlying shares.
What is the potential range of payout on HSIC performance stock units?
For the performance-based half of the award, payout can range from 0% to a maximum of 200% depending on achievement of specified performance goals. This means actual shares delivered at vesting could be reduced to zero or doubled relative to the initial target allocation.