Korn Ferry (NYSE: KFY) CEO gets stock awards, 108,770 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Korn Ferry CEO Gary D. Burnison reported equity compensation and related tax withholding. He acquired 152,010 shares upon settlement of Relative TSR performance units and received a 75,200-share restricted stock grant, while 108,770 shares were withheld at $75.39 per share for taxes, leaving 425,652 shares held directly.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BURNISON GARY D
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 152,010 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 77,343 | $75.39 | $5.83M |
| Tax Withholding | Common Stock, par value $0.01 per share | 31,427 | $75.39 | $2.37M |
| Grant/Award | Common Stock, par value $0.01 per share | 75,200 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 425,652 shares (Direct)
Footnotes (1)
- Represents restricted stock that vests in four equal annual installments commencing on July 10, 2027. Granted as compensation for services. Acquired upon the settlement of Relative TSR performance units granted on July 11, 2023 under the Korn Ferry 2022 Stock Incentive Plan as a result of the satisfaction of the performance criteria underlying the award. Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement, on July 13, 2026, of 152,010 Relative TSR performance units described in footnote (3) above. Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the vesting, on July 13, 2026, of 61,762 shares of restricted stock held by the Reporting Person.
Key Figures
Performance units settled: 152,010 shares
Restricted stock grant: 75,200 shares
Tax withholding shares: 108,770 shares
+2 more
5 metrics
Performance units settled
152,010 shares
Shares acquired from settlement of Relative TSR performance units on July 13, 2026
Restricted stock grant
75,200 shares
Restricted stock that vests in four equal annual installments starting July 10, 2027
Tax withholding shares
108,770 shares
Total shares withheld to satisfy tax obligations related to equity settlements
Withholding price
$75.39 per share
Price used for tax-withholding dispositions of common stock on July 13, 2026
Post-transaction holdings
425,652 shares
Common shares owned directly by Gary D. Burnison after reported transactions
Key Terms
Relative TSR performance units, restricted stock, tax withholding obligations, Korn Ferry 2022 Stock Incentive Plan
4 terms
Relative TSR performance units financial
"Acquired upon the settlement of Relative TSR performance units granted on July 11, 2023"
restricted stock financial
"Represents restricted stock that vests in four equal annual installments"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"reduction in shares to satisfy the tax withholding obligations of the Issuer"
Korn Ferry 2022 Stock Incentive Plan financial
"granted on July 11, 2023 under the Korn Ferry 2022 Stock Incentive Plan"
FAQ
What insider transactions did KFY CEO Gary D. Burnison report?
He reported equity awards and related tax withholding. 152,010 shares were acquired from Relative TSR performance units and 75,200 restricted shares were granted, while 108,770 shares were withheld at $75.39 per share to cover tax obligations.
Were the KFY CEO’s Form 4 transactions open-market buys or sales?
No open-market trades were reported. The Form 4 shows grant/award acquisitions coded "A" and tax-withholding dispositions coded "F" described as "payment of tax liability by delivering securities," rather than discretionary market purchases or sales.
What are the details of the KFY CEO’s restricted stock grant?
The filing notes restricted stock that vests in four equal annual installments commencing on July 10, 2027. This award was granted as compensation for services, aligning a portion of the CEO’s pay with future service and stock performance.
How were the KFY CEO’s Relative TSR performance units settled?
The CEO acquired 152,010 shares upon settlement of Relative TSR performance units granted on July 11, 2023 under the Korn Ferry 2022 Stock Incentive Plan, following satisfaction of the performance criteria specified for that award.