NKE Insider Filing: McCartney RSUs Granted and $77.37 Option Reported
Rhea-AI Filing Summary
Philip McCartney, EVP: Chief Innovation, Product & Design Officer at NIKE, Inc. (NKE), reported equity compensation transactions dated September 1–2, 2025. On 09/01/2025 he was granted 13,735 RSUs under the NIKE Stock Incentive Plan and a non-qualified stock option to buy 44,568 shares at an exercise price of $77.37 (option term to 09/01/2035; 25% vests each anniversary over four years).
On 09/02/2025 the company withheld 513 shares to satisfy tax withholding upon RSU vesting. After the reported transactions he beneficially owned 48,814 Class B shares directly and 1,787 shares indirectly in a 401(k) account. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- RSU grant of 13,735 shares aligns executive incentives with shareholder interests through multi-year vesting
- Non-qualified option for 44,568 shares provides long-term incentive with clear vesting and expiration (09/01/2035)
- Disclosure of tax withholding (513 shares) clarifies that shares were withheld for taxes and not sold on the open market
Negative
- None.
Insights
TL;DR: Routine executive equity awards and withholding; no disclosed cash transactions or open-market sales.
The filing documents standard equity compensation: a grant of restricted stock units and a large non-qualified stock option with a ten-year term, both subject to four-year vesting in 25% tranches. The withholding of 513 shares was for tax obligations upon RSU vesting and is described as not an open-market sale. These items are typical for senior executives and primarily affect future dilution and executive alignment rather than immediate cash flows.
TL;DR: Compensation-related disclosure consistent with routine remuneration practices; governance implications are standard.
The Form 4 reflects compensation granted under the company’s Stock Incentive Plan and 401(k) holdings. Vesting schedules and option terms are disclosed, which supports transparency on executive incentives. No unusual or non-routine transactions, director departures, or related-party issues are presented in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 513 | $77.37 | $40K |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 44,568 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 13,735 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted Stock Units ("RSUs") granted under the NIKE, Inc. Stock Incentive Plan; 25% of the total number of RSUs granted vest on each of the first four anniversaries of the date of the grant. Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan. Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan. Stock Option granted under the NIKE, Inc. Stock Incentive Plan; it becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
