Stride exec vests 1,840 rights, 690 shares
Stride’s managing director reported vesting of performance-based equity awards and related share withholding for taxes, with no open-market buying or selling.
Rhea-AI Filing Summary
Stride, Inc. (LRN) Managing Director Todd Goldthwaite reported equity-compensation activity on September 16, 2026. 1,840 restricted stock rights were exercised into an equal number of common shares as a performance-based award vested, and 690 additional common shares were acquired because the award vested above its target threshold. In connection with this vesting, 1,163 common shares were withheld by Stride at $82.04 per share to cover the executive’s withholding tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,840 shares exercised/converted
Exercise
4 txns
Insider
Goldthwaite Todd
Role
MANAGING DIRECTOR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Right F3 | 1,840 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,840 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 690 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,163 | $82.04 | $95K |
Holdings After Transaction:
Restricted Stock Right — 0 contracts (Direct);
Common Stock — 105,988 shares (Direct)
Footnotes (3)
- F1. Represents the acquisition of shares of Common Stock in connection with the vesting at above target threshold of the performance award originally granted on August 18, 2023.
- 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 vesting date.
- F3. Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock rights vested 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, 2026, subject to earlier vesting in certain circumstances described in the applicable award agreement.
Key Figures
Restricted stock rights exercised: 1,840 rights
Additional performance-based shares acquired: 690 shares
Shares withheld for taxes: 1,163 shares
+3 more
6 metrics
Restricted stock rights exercised
1,840 rights
Converted into 1,840 common shares on September 16, 2026
Additional performance-based shares acquired
690 shares
Acquisition from performance award vesting above target on September 16, 2026
Shares withheld for taxes
1,163 shares
Withheld upon vesting of restricted shares to cover tax liability
Tax withholding reference price
$82.04 per share
Closing price of Stride common stock on the vesting date used for tax withholding
Restricted stock right to common stock ratio
1 right : 1 share
Each restricted stock right entitled the holder to one share of common stock upon vesting
Performance measurement period end
September 15, 2026
End date for compound annual growth rate performance condition on restricted stock rights
Key Terms
Restricted Stock Right, performance award, compound annual growth rates, withholding tax
4 terms
Restricted Stock Right financial
"Each restricted stock right represents a contingent right to receive one share"
performance award financial
"vesting at above target threshold of the performance award originally granted"
compound annual growth rates financial
"vested based on the achievement of certain compound annual growth rates"
withholding tax financial
"to cover the executive's withholding tax associated with the satisfaction"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Stride (LRN) officer Todd Goldthwaite report on this Form 4?
He reported the exercise of 1,840 restricted stock rights into common stock, the acquisition of an additional 690 common shares from above-target performance vesting, and the disposition of 1,163 shares withheld to cover tax obligations, all dated September 16, 2026.
How many Stride (LRN) restricted stock rights vested for Todd Goldthwaite?
A total of 1,840 restricted stock rights vested and were converted into 1,840 shares of Stride common stock. Each restricted stock right represented a contingent right to receive one share of common stock upon achievement of specified performance conditions.
Were Todd Goldthwaite’s Stride (LRN) transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions. The reported events relate to equity award vesting and tax withholding, not open-market trades under a pre-arranged plan.
What performance conditions governed Todd Goldthwaite’s restricted stock rights in Stride (LRN)?
The restricted stock rights vested based on achieving certain compound annual growth rates in Stride’s common stock price between the award date and September 15, 2026, with provisions for earlier vesting in circumstances described in the applicable award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
