NIKE EVP McCartney sells 17,398 shares
NIKE, Inc. executive Philip McCartney reported an open-market sale of Class B Common Stock and a tax-related share withholding.
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Form Type
4
Rhea-AI Filing Summary
NIKE, Inc. executive Philip McCartney reported an open-market sale of Class B Common Stock and a tax-related share withholding. He sold 17,398 shares on June 12, 2026 at $46.18 per share under a pre-arranged Rule 10b5-1 trading plan adopted on October 24, 2025.
On June 10, 2026, 9,836 shares were withheld by NIKE at $44.65 per share to cover tax obligations upon vesting of RSUs, which was not an open-market transaction. After these events, he holds 53,132.9272 shares directly and 1,837 shares indirectly through a retirement plan.
Insider Trade Summary 10b5-1
Net Seller: 17,398 shares
Net Sell
3 txns
Insider
McCartney Philip
Role
EVP: CHIEF INN,PROD&DSG OFCR
Sold
17,398 shs ($803K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 17,398 | $46.18 | $803K |
| Exercise Price or Tax Liability | Class B Common Stock | 9,836 | $44.65 | $439K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 53,132.9272 shares (Direct);
Class B Common Stock — 1,837 shares (Indirect, by Retirement Plan)
Footnotes (5)
- F1. Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.
- F2. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.
- F3. Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the first full trading day after the release of quarterly earnings and ending on the fourteenth day of the third month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.
- F4. The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on October 24, 2025.
- F5. Shares held in account under The NIKE, Inc. 401(k) Plan.
Key Figures
Open-market sale shares: 17,398 shares
Sale price: $46.18 per share
Tax-withheld shares: 9,836 shares
+5 more
8 metrics
Open-market sale shares
17,398 shares
Class B Common Stock sold on June 12, 2026
Sale price
$46.18 per share
Price for 17,398 shares sold on June 12, 2026
Tax-withheld shares
9,836 shares
Withheld to satisfy RSU tax obligations on June 10, 2026
Tax-withholding price
$44.65 per share
Value used for RSU tax withholding on June 10, 2026
Direct holdings after transactions
53,132.9272 shares
Direct Class B holdings following reported transactions
Indirect retirement plan holdings
1,837 shares
Held in The NIKE, Inc. 401(k) Plan
Tax-withholding count
1 transaction
RSU-related tax withholding event in transaction summary
Net buy/sell shares
17,398 shares net sell
Net open-market selling across reported transactions
Key Terms
RSUs, Rule 10b5-1 trading plan, Employee Stock Purchase Plan, 401(k) Plan, +1 more
5 terms
RSUs financial
"Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on October 24, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Purchase Plan financial
"Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
401(k) Plan financial
"Shares held in account under The NIKE, Inc. 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NIKE (NKE) executive Philip McCartney report in this Form 4 filing?
Philip McCartney reported an open-market sale and a tax-related share withholding. He sold 17,398 shares of NIKE Class B Common Stock and also had 9,836 shares withheld to satisfy tax obligations tied to restricted stock unit vesting.
How are Philip McCartney’s indirect NIKE (NKE) holdings structured in this Form 4?
The Form 4 shows 1,837 NIKE Class B shares held indirectly by Philip McCartney through a retirement plan. A footnote explains these are held in an account under The NIKE, Inc. 401(k) Plan, separate from his directly owned share position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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