Henry Schein exec granted 60,631 RSUs/PSUs
Albertini Andrea reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Albertini Andrea reported acquisition or exercise transactions in this Form 4 filing.
Henry Schein Inc. executive Andrea Albertini, CEO, Global Distribution & Technology, received a grant of 60,631 shares of common stock as equity compensation. Following this award, he directly holds 122,092 shares.
The grant consists of restricted stock units under the 2024 Stock Incentive Plan. Half of the grant is performance-based and will vest on the third anniversary of the grant date if specified performance goals are met, with payout for these performance stock units scaling from 0% to a maximum of 200%. The remaining half will vest in equal installments on each of the first four anniversaries of the grant date, in each case subject to continued service.
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Insights
Albertini receives a sizable time- and performance-based stock grant, typical for senior executives.
Andrea Albertini received 60,631 shares of Henry Schein common stock as restricted stock units under the 2024 Stock Incentive Plan. This is recorded as an acquisition at zero price, reflecting a compensation grant rather than an open-market purchase.
The structure splits 50% into performance stock units that vest on the third anniversary if performance goals are achieved, with payouts ranging from 0% to 200%, and 50% into time-based RSUs vesting over four years. This design links a substantial portion of compensation to both long-term company performance and continued service, a common alignment mechanism for senior leadership incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 60,631 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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%.
FAQ
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