LRN Form 4: CFO Donna Blackman Granted 11,375 RSUs and 4,266 Performance Rights
Rhea-AI Filing Summary
Donna Blackman, the Chief Financial Officer of Stride, Inc. (LRN), reported acquiring 11,375 restricted shares on 08/08/2025 that vest semi-annually: 20% in the first year and 40% in each of the next two years. After that acquisition the form reports 115,522 shares beneficially owned.
On 08/09/2025 the company withheld 825 shares to satisfy withholding taxes at a reported price of $149.45, reducing beneficial ownership to 114,697 shares. The filing also shows an award of 4,266 restricted stock rights that are contingent on specified compound annual growth rates in the company’s stock price and reference an 09/15/2028 vesting/measurement date.
Positive
- Acquisition of 11,375 restricted shares that reinforce executive alignment with shareholders through multi-year vesting
- Transparent reporting of tax-withholding (825 shares) and clear disclosure of contingent restricted stock rights (4,266 shares) with a measurement date of 09/15/2028
Negative
- None.
Insights
TL;DR: Routine executive equity compensation: restricted shares granted, tax withholding on vesting, and contingent performance rights reported.
The Form 4 discloses a standard compensation-related equity grant and associated tax-withholding activity by the CFO. The 11,375 restricted shares granted on 08/08/2025 vest over three years with a 20%/40%/40% schedule, which is typical for retention incentives. The subsequent withholding of 825 shares on 08/09/2025 at $149.45 reflects ordinary tax-settlement activity and reduces reported beneficial ownership to 114,697 shares. The 4,266 restricted stock rights are performance-contingent to 09/15/2028 and represent upside tied to share-price performance rather than immediate dilution.
TL;DR: Disclosure shows standard governance of executive grants and tax withholding; no governance red flags are evident in the filing.
The filing names the reporting person as CFO and documents grant mechanics and withholding. Vesting schedules, tax-withholding on vesting, and performance-based restricted stock rights with a defined measurement date are disclosed, aligning with common executive compensation practices. The Form 4 provides explicit counts and treatment of the awards, enabling transparent tracking of potential insider dilution and ownership changes without indicating unusual acceleration, related-party transactions, or nonstandard terms in the disclosed items.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 825 | $149.45 | $123K |
| Grant/Award | Restricted Stock Right | 4,266 | $0.00 | -- |
| Grant/Award | Common Stock | 11,375 | $0.00 | -- |
Footnotes (1)
- These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date. Represents the number of shares withheld by the Issuer upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the most recent prior market day. Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2028, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.
