MKSI EVP & COO reports RSU grant, tax share withholding
MKS Inc. EVP & COO James Alan Schreiner reported equity compensation activity on restricted stock units and common stock.
Rhea-AI Filing Summary
MKS Inc. EVP & COO James Alan Schreiner reported equity compensation activity on restricted stock units and common stock. He received a grant of 2,376.968 RSUs, each representing one MKS share, which vests in three equal annual installments starting on February 15, 2027. Multiple existing RSU awards were exercised or converted into common stock at no cash exercise price, reflecting previously granted time- and performance-based awards that vest in three annual installments around February 15 in 2024, 2025 and 2026. In a separate transaction, 4,343.764 common shares were disposed of at a price of $260.74 per share to satisfy tax withholding obligations triggered by RSU vesting, and this did not represent a discretionary trade by Schreiner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,881.628 shares
Net Buy
14 txns
Insider
Schreiner James Alan
Role
EVP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,376.968 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 2,566.678 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,330.434 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 432.48 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,211 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,740.8 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,944 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,566.678 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,330.434 | $0.00 | $0.00 |
| Exercise | Common Stock | 432.48 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,211 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,740.8 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,944 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,343.764 | $260.74 | $1.13M |
Holdings After Transaction:
Restricted Stock Unit — 11,396.475 shares (Direct);
Common Stock — 27,501.962 shares (Direct)
Footnotes (9)
- F1. Each restricted stock unit (RSU) represents the contingent right to receive one share of common stock of MKS Inc.
- F2. These shares were withheld by MKS Inc. to satisfy the tax withholding obligations triggered by the vesting of RSUs and do not represent a discretionary trade by the reporting person.
- F3. These RSUs vest in three equal annual installments commencing on February 15, 2027, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F4. These RSUs were subject to performance criteria, the achievement of which was determined on February 5, 2024, and thereafter vest in three equal annual installments beginning on February 15, 2024, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F5. These RSUs vest in three equal annual installments commencing on February 15, 2024, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F6. These RSUs were subject to performance criteria, the achievement of which was determined on February 10, 2025, and thereafter vest in three equal annual installments beginning on February 15, 2025, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F7. These RSUs vest in three equal annual installments commencing on February 15, 2025, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F8. These RSUs were subject to performance criteria, the achievement of which was determined on February 8, 2026, and thereafter vest in three equal annual installments beginning on February 15, 2026, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
- F9. These RSUs vest in three equal annual installments commencing on February 15, 2026, provided that if, in any vesting year, February 15th is not a business day, such vesting shall occur on the next business day.
FAQ
What did MKS Inc. (MKSI) EVP & COO James Alan Schreiner report on this Form 4?
James Alan Schreiner reported a new grant of 2,376.968 restricted stock units and several conversions of existing RSUs into common stock at no cash exercise price. He also reported shares withheld to cover tax obligations arising from RSU vesting.
How many new restricted stock units did MKSI grant to EVP & COO James Alan Schreiner?
MKS Inc. granted James Alan Schreiner 2,376.968 restricted stock units, each representing one share of common stock. These units are part of his equity compensation and will vest over time according to a three-year annual vesting schedule starting in 2027.
When do James Alan Schreiner’s newly granted MKSI RSUs vest?
The newly granted 2,376.968 RSUs vest in three equal annual installments commencing on February 15, 2027. If February 15 is not a business day in any vesting year, vesting will occur on the next business day, according to the award terms disclosed.
Were any of James Alan Schreiner’s MKSI Form 4 transactions discretionary stock sales?
The Form 4 states that 4,343.764 common shares were withheld by MKS Inc. at $260.74 per share to satisfy tax withholding obligations from RSU vesting. The disclosure clarifies this was not a discretionary trade by Schreiner but a tax-withholding disposition.
What type of equity awards did MKSI’s James Alan Schreiner report as vesting or converting?
Schreiner reported multiple restricted stock unit awards, including time-based and performance-based RSUs, converting into common stock. Several awards vest in three equal annual installments around February 15 in 2024, 2025, and 2026, reflecting previously granted long-term incentive compensation.
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