NKE Insider Filing: Chief Legal Officer Receives RSUs and Options at $77.37 Strike
Rhea-AI Filing Summary
Nike, Inc. (NKE) Form 4 filed for Robert Leinwand, EVP & Chief Legal Officer. The filing reports non-derivative and derivative equity awards and internal plan holdings. On 09/01/2025 Mr. Leinwand was granted 17,986 Class B common stock RSUs (vest 25% annually) and a non-qualified stock option covering 58,362 shares with a $77.37 exercise price and a 09/01/2035 expiration; the option vests 25% on each of the first four anniversaries. On 09/02/2025 864 Class B shares were withheld to satisfy tax withholding upon RSU vesting. Following these transactions he beneficially owned 45,874.2318 Class B shares (direct) and 1,464 shares indirectly via the company 401(k) plan.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider received equity compensation (RSUs and options) with routine withholding; holdings modestly increased but no open-market purchases reported.
The Form 4 documents standard compensation-related equity grants rather than open-market trading. The grant of 17,986 RSUs and a 58,362-share option at a $77.37 strike are consistent with incentive compensation practices. The withholding of 864 shares to cover taxes is an administrative, non-market transaction. Reported beneficial ownership totals are stated precisely; there is no disclosure here of cash purchases, sales, or changes to control.
TL;DR: Filing reflects routine executive compensation and tax-withholding mechanics; no governance issues disclosed.
The disclosure specifies vesting schedules (25% annual vesting for RSUs and options) and identifies holdings held directly and indirectly (including the 401(k) and ESPP). All items are documented with transaction codes and quantities, including a clear statement that withheld shares were used for tax obligations. The form is procedural and does not reveal departures, extraordinary compensation terms, or related-party transactions beyond standard plans.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 864 | $77.37 | $67K |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 58,362 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 17,986 | $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.
