NIKE director Swan granted 5,047 shares
NIKE director Robert Holmes Swan received a restricted stock grant and corrected his reported direct holdings, with no open-market trading or 10b5-1 plan disclosed.
Rhea-AI Filing Summary
NIKE, Inc. (symbol: NKE) is the issuer of record for a Form 4 filing submitted to the SEC. SWAN ROBERT HOLMES reported acquisition or exercise transactions in this Form 4 filing.
NIKE, Inc. (NKE) director Robert Holmes Swan received a grant of 5,047 restricted shares of Class B Common Stock on September 8, 2026 under the NIKE, Inc. Stock Incentive Plan. After this grant and a correction, he beneficially owns 59,025.387 shares directly and 1,580 shares indirectly held by the Swan Family Revocable Trust. The restrictions on the new shares lapse 100% on the earlier of the next annual shareholder meeting or the last day of the 12th full calendar month following the grant, and no Rule 10b5-1 trading plan is reported. A footnote states the updated direct holdings correct a prior 1,096‑share overstatement due to an administrative error, not an additional transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,047 shares
Grant/Award
2 txns
Insider
SWAN ROBERT HOLMES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F1, F2 | 5,047 | $0.00 | $0.00 |
| holding | Class B Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 59,025.387 shares (Direct);
Class B Common Stock — 1,580 shares (Indirect, by Trust)
Footnotes (3)
- F1. Restricted shares granted on 09/08/2026 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.
- F2. The amount reported in Column 5 reflects a correction to the number of shares beneficially owned directly by the reporting person. Prior reports inadvertently overstated the number of shares beneficially owned directly by the reporting person by 1,096 shares due to an administrative error. This correction does not reflect any purchase, sale or other transaction by the reporting person.
- F3. These shares are held by the Swan Family Revocable Trust.
Key Figures
Restricted shares granted: 5,047 shares
Direct holdings after grant and correction: 59,025.387 shares
Indirect holdings by trust: 1,580 shares
+2 more
5 metrics
Restricted shares granted
5,047 shares
Class B Common Stock grant on September 8, 2026 under the NIKE, Inc. Stock Incentive Plan
Direct holdings after grant and correction
59,025.387 shares
Class B Common Stock beneficially owned directly following the September 8, 2026 grant
Indirect holdings by trust
1,580 shares
Class B Common Stock held indirectly by the Swan Family Revocable Trust
Correction to prior overstatement
1,096 shares
Amount by which prior reports overstated direct beneficial ownership due to an administrative error
Grant vesting horizon
Up to 12 months
Restrictions lapse by the earlier of the next annual shareholder meeting or the last day of the 12th full calendar month after September 8, 2026
Key Terms
Restricted shares, Stock Incentive Plan, beneficially owned, Revocable Trust
4 terms
Stock Incentive Plan financial
"Restricted shares granted on 09/08/2026 under the NIKE, Inc. Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
beneficially owned financial
"overstated the number of shares beneficially owned directly by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Revocable Trust financial
"These shares are held by the Swan Family Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NIKE (NKE) director Robert Holmes Swan report in this Form 4?
He reported a grant of 5,047 restricted Class B Common shares on September 8, 2026 under the NIKE, Inc. Stock Incentive Plan and updated his direct and indirect shareholdings, including a correction to previously overstated direct ownership.
Was Swan’s NIKE (NKE) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The document-level 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the grant was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
How are Swan’s indirect NIKE (NKE) holdings structured?
The filing states that 1,580 NIKE Class B shares are held indirectly by the Swan Family Revocable Trust, which holds those shares on his behalf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
