Stride, Inc. (LRN) grants restricted shares and performance stock rights to EVP
Rhea-AI Filing Summary
Stride, Inc. executive McMullen Greerson Greene, EVP and General Counsel, reported equity compensation and a related tax-withholding transaction. On 2026-08-07, Greene received 9,090 shares of restricted common stock, which vest semi-annually with 20% in the first year and 40% in each of the next two years, and an award of 2,651 restricted stock rights, each representing a contingent right to one share of common stock based on achieving specified compound annual growth rates in the stock price between the award date and September 15, 2029. On 2026-08-08, 81 shares of common stock were withheld at $82.51 per share to cover withholding tax upon vesting of restricted shares, based on the prior market day’s closing price.
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Insider Trade Summary
Net Buyer: 9,009 shares
Net Buy
3 txns
Insider
McMullen Greerson Greene
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 81 | $82.51 | $7K |
| Grant/Award | Restricted Stock Right F3 | 2,651 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 9,090 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Right — 2,651 shares (Direct);
Common Stock — 21,653 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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, 2029, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.
Key Figures
Restricted common shares granted: 9,090 shares
Restricted stock rights granted: 2,651 rights
Shares withheld for taxes: 81 shares
+3 more
6 metrics
Restricted common shares granted
9,090 shares
Restricted common stock award to EVP and General Counsel on 2026-08-07
Restricted stock rights granted
2,651 rights
Performance-based restricted stock rights award expiring 2029-09-15
Shares withheld for taxes
81 shares
Common shares withheld on 2026-08-08 to cover withholding tax on vesting
Tax withholding reference price
$82.51 per share
Closing price used to determine 81 shares withheld for tax liability
Restricted stock rights expiration
September 15, 2029
End of performance measurement period for restricted stock rights
Restricted stock vesting pattern
20% year 1; 40% years 2-3
Semi-annual vesting schedule for 9,090 restricted shares
Key Terms
Restricted Stock Right, withholding tax, compound annual growth rates, vesting conditions
4 terms
Restricted Stock Right financial
"Represents an award of restricted stock rights, each of which represents a contingent right"
withholding tax financial
"shares withheld by the Issuer upon the vesting of restricted shares to cover the executive's withholding tax"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
compound annual growth rates financial
"will vest based on the achievement of certain compound annual growth rates in the price"
vesting conditions financial
"associated with the satisfaction of all vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Stride (LRN) grant to EVP and General Counsel McMullen Greerson Greene?
Greene received 9,090 shares of restricted common stock and 2,651 restricted stock rights. The restricted shares vest over three years, while the rights vest based on stock price growth through September 15, 2029.
What are the terms of the 2,651 restricted stock rights granted by Stride (LRN)?
The 2,651 restricted stock rights each represent a contingent right to one share of common stock. They vest based on achieving specified compound annual growth rates in Stride’s stock price between the award date and September 15, 2029.