LRN executive equity awarded; 56 shares withheld for taxes
Rhea-AI Filing Summary
Todd Goldthwaite, Managing Director of Stride, Inc., reported equity awards and a small withholding transaction in early August 2025. On 08/08/2025 he received a grant of restricted common stock totaling 2,676 shares (granted at $0) that vest semi‑annually with 20% vesting in the first year and 40% vesting in each of the next two years. The filing shows beneficial ownership of 91,360 shares after the grant. On 08/09/2025 the issuer withheld 56 shares to satisfy the reporting person’s tax withholding obligation at a price of $149.45, leaving 91,304 shares beneficially owned. The filing also discloses an award of 402 restricted stock rights that vest only if specified compound annual growth rates in the company’s stock price are met by 09/15/2028 (the reported amount is the threshold award).
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive equity grant and tax withholding; limited immediate market impact but aligns executive pay with share performance.
The reported transactions consist of a time‑vesting restricted share grant of 2,676 shares and a performance‑based restricted stock right award for 402 shares, plus the withholding of 56 shares to cover taxes at $149.45 per share. The time‑based award vests 20% in year one and 40% in each of the following two years, while the rights require achieving specified CAGR thresholds through 09/15/2028. These items are compensation mechanics and do not by themselves indicate changes to business operations, but they increase the reporting person’s vested alignment with shareholder value over the vesting period.
TL;DR: Performance‑contingent and time‑vested awards support long‑term alignment; withholding is standard tax treatment.
The structure reported—time‑based restricted shares plus performance‑based restricted stock rights—ties a portion of pay to sustained share‑price performance and time in role. The filing documents standard vesting terms and a modest tax‑withholding disposition of 56 shares. From a governance perspective, performance thresholds through 09/15/2028 indicate management incentives are linked to long‑term stock performance rather than immediate payout, which is consistent with common best practices for executive equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 56 | $149.45 | $8K |
| Grant/Award | Restricted Stock Right | 402 | $0.00 | -- |
| Grant/Award | Common Stock | 2,676 | $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.
