Logitech (NASDAQ: LOGI) CLO reports PSU share vesting and tax withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOGITECH INTERNATIONAL S.A. chief legal officer Samantha Harnett reported equity compensation activity tied to performance share units. On May 15, 2026, she acquired 47,153 registered shares at no cost upon PSU vesting and remitted 23,348 shares back to Logitech to satisfy tax-withholding obligations.
The vested PSUs were earned based on Logitech’s average revenue growth in constant currency, non-GAAP operating income, and total shareholder return relative to other Russell 3000 companies over the three-year period from April 1, 2023 through March 31, 2026. After these compensation-related transactions, she directly holds 45,827 registered shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Harnett Samantha
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Registered Shares | 47,153 | $0.00 | -- |
| Tax Withholding | Registered Shares | 23,348 | $102.99 | $2.40M |
Holdings After Transaction:
Registered Shares — 69,175 shares (Direct, null)
Footnotes (1)
- These shares were acquired pursuant to the vesting of performance share units (PSUs). The number of PSUs that vested was determined based on Logitech's average revenue growth in constant currency, non-GAAP operating income, total shareholder return (TSR) relative to the other companies in the Russell 3000 index, each over a three-year period from April 1, 2023 through March 31, 2026. In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to PSUs.
Key Figures
Shares acquired via PSU vesting: 47,153 shares
Shares remitted for taxes: 23,348 shares
Tax-withholding price: $102.99 per share
+2 more
5 metrics
Shares acquired via PSU vesting
47,153 shares
Registered Shares granted/awarded on May 15, 2026
Shares remitted for taxes
23,348 shares
Tax-withholding disposition at $102.99 per share on May 15, 2026
Tax-withholding price
$102.99 per share
Value used for exempt disposition to issuer under rule 16b-3(e)
Direct holdings after transactions
45,827 shares
Registered Shares held directly by Samantha Harnett after reported Form 4 transactions
PSU performance period length
3 years
From April 1, 2023 through March 31, 2026 for PSU vesting metrics
Key Terms
performance share units (PSUs), total shareholder return (TSR), Russell 3000 index, non-GAAP operating income, +1 more
5 terms
Russell 3000 index financial
"TSR relative to the other companies in the Russell 3000 index"
A broad stock market index that tracks the performance of the roughly 3,000 largest publicly traded U.S. companies by total market value, representing almost the entire U.S. equity market. Investors use it like a big basket or thermometer: it provides a simple snapshot of overall U.S. stock market health, serves as a benchmark for funds and portfolios, and helps measure diversification, risk and returns over time.
non-GAAP operating income financial
"based on Logitech's average revenue growth in constant currency, non-GAAP operating income, total shareholder return"
Non-GAAP operating income is a measure of a company's profit from its core business activities, calculated by excluding certain expenses or income that are not part of regular operations. It provides a clearer picture of how well the business is performing by focusing on ongoing operations, helping investors compare companies more consistently and make better-informed decisions.
rule 16b-3(e) regulatory
"In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares"
FAQ
What insider transactions did Logitech (LOGI) report for Samantha Harnett?
Logitech’s chief legal officer Samantha Harnett received 47,153 registered shares from vested performance share units and remitted 23,348 shares back to Logitech for tax withholding. These are compensation-related entries, not open-market purchases or sales.
Were Samantha Harnett’s Logitech (LOGI) transactions open-market buys or sells?
The transactions were not open-market trades. Harnett received 47,153 shares via a performance share unit vesting and delivered 23,348 shares to Logitech to cover tax obligations, in an exempt disposition under rule 16b-3(e).
What performance period determined Samantha Harnett’s vested Logitech (LOGI) PSUs?
The performance share units vested based on metrics measured over April 1, 2023 through March 31, 2026. Logitech evaluated average revenue growth in constant currency, non-GAAP operating income, and relative total shareholder return versus Russell 3000 companies.