NIKE Form 4: Director Robert Swan receives 2,619 restricted shares
Rhea-AI Filing Summary
Robert Holmes Swan, a director of NIKE, Inc. (NKE), was granted 2,619 restricted Class B common shares on 09/09/2025 at a reported price of $0 under the NIKE, Inc. Stock Incentive Plan. After the grant he beneficially owns 34,602 shares directly and 1,580 shares indirectly through the Swan Family Revocable Trust. The restricted shares vest in full on the earlier of the next annual shareholders' meeting or the last day of the 12th full calendar month after the grant. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Swan on 09/11/2025.
Positive
- Restricted-share award disclosed: 2,619 Class B shares granted to a director under the company plan
- Clear ownership disclosure: 34,602 shares directly owned and 1,580 shares held indirectly via the Swan Family Revocable Trust
- Defined vesting terms: Restrictions lapse on the earlier of the next annual meeting or 12 months after grant, providing transparency on timing
Negative
- None.
Insights
TL;DR: Director received a routine restricted-share award; ownership and vesting schedule are disclosed.
The filing shows a non-cash equity grant of 2,619 Class B restricted shares to a company director under the issuer's stock incentive plan, increasing the director's reported direct ownership to 34,602 shares with an additional 1,580 shares held via a family trust. The grant price is reported as $0, indicating these are restricted-share awards rather than open-market purchases. The vesting triggers are time- and event-based: full vesting at the earlier of the next annual meeting or 12 months from grant. This is a standard executive/director compensation disclosure with limited immediate liquidity or cash impact reflected in the filing itself.
TL;DR: Standard director equity compensation; vesting tied to shareholder meeting or one-year time-based milestone.
The Form 4 documents a customary restricted stock grant to a director and clarifies beneficial ownership including indirect holdings via a revocable trust. The clear vesting condition (earlier of next annual meeting or 12 months) aligns with short-term retention incentives. The filing includes a power-of-attorney signature by counsel, which is routine. From a governance disclosure perspective the form meets Section 16 reporting requirements and specifies the nature of indirect ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 2,619 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted shares granted on 09/09/2025 under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to 100% of the shares on the earlier of the date of the next annual meeting of shareholders, or the last day of the 12th full calendar month following the date of grant. These shares are held by the Swan Family Revocable Trust.
