Henry Schein (NASDAQ: HSIC) CEO receives new stock option and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Henry Schein Inc. reported that CEO Frederick M. Lowery received new equity compensation awards. He was granted stock options for 177,116 shares with an exercise price of $77.60 per share, expiring in 2036, which vest in equal parts over four years, subject to continued service.
Lowery also received 64,433 shares of common stock as restricted stock units under the 2024 Stock Incentive Plan. Half of these are performance stock units that vest on the third anniversary based on achievement of specified goals, with payout ranging from 0% to 200%, and half are time-based RSUs vesting over four years. Following these grants, he directly owns 95,156 common shares in addition to the new option award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lowery Frederick M.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option Right to Buy | 177,116 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.01 per share | 64,433 | $0.00 | -- |
Holdings After Transaction:
Stock Option Right to Buy — 177,116 shares (Direct);
Common Stock, par value $0.01 per share — 95,156 shares (Direct)
Footnotes (1)
- Grant of restricted stock units pursuant to the Issuer's 2024 Stock Incentive Plan. Subject to certain exceptions, (i) 50% will vest on the third anniversary of the grant date upon Issuer's achievement of specified performance goals ("PSUs") and (ii) 50% will vest ratably on each of the first four anniversaries of the grant date ("RSUs"), in each case subject to continued service through the applicable vesting date. The payout for PSUs scale with performance, ranging from 0% to a maximum of 200%. Acquired pursuant to the Issuer's 2024 Stock Incentive Plan. Subject to certain exceptions, the options will vest ratably on each of the first four anniversaries of the grant date subject to reporting person's continued performance of services for the Issuer.
FAQ
What stock option grant did Henry Schein (HSIC) CEO Frederick Lowery receive?
Frederick Lowery received stock options covering 177,116 shares of Henry Schein common stock at an exercise price of $77.60 per share. These options vest ratably over four years and expire in 2036, serving as a long-term incentive tied to future company performance.
How many restricted stock units did HSIC grant to CEO Frederick Lowery?
Henry Schein granted Frederick Lowery 64,433 restricted stock units of common stock. Half are performance stock units that vest on the third anniversary based on specified goals, and half are time-based RSUs vesting over four years, all conditioned on continued service with the company.
How do Frederick Lowery’s performance stock units at Henry Schein vest?
Half of the 64,433 restricted stock units are performance stock units that vest on the third anniversary of grant. Their payout scales with performance from 0% to up to 200% of target, based on achievement of specified performance goals and continued service through the vesting date.
What are the vesting terms for Frederick Lowery’s Henry Schein stock options?
The options for 177,116 shares at $77.60 per share vest ratably on each of the first four anniversaries of the grant date. Vesting is conditioned on Lowery’s continued performance of services for Henry Schein, aligning the award with multi-year retention and incentive goals.
Were Frederick Lowery’s recent HSIC equity awards open-market purchases?
No. The transactions were grants under Henry Schein’s 2024 Stock Incentive Plan, not open-market purchases or sales. Both the stock options and the 64,433 restricted stock units are compensation-related awards with vesting conditions rather than discretionary trades in the public market.