NIKE grants CEO 395,570 options, 108,400 RSUs
NIKE’s CEO received a sizable option and RSU grant while shares were withheld solely to cover tax obligations on vesting, with no open market trading activity reported.
Rhea-AI Filing Summary
NIKE, Inc. (NKE) reported that President & CEO Elliott Hill received equity awards on September 1, 2026, including a grant of 395,570 stock options with an exercise price of $38.12 per share expiring on September 1, 2036, and 108,400 Restricted Stock Units that vest in four equal annual installments. On the same date, 9,462 shares of Class B common stock were withheld by the company to satisfy tax withholding obligations upon RSU vesting, and no open market trades or Rule 10b5-1 trading plans are reported.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hill Elliott
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (Right to Buy) F5 | 395,570 | $0.00 | $0.00 |
| Grant/Award | Class B Common Stock F1, F2 | 108,400 | $0.00 | $0.00 |
| Tax Withholding | Class B Common Stock F3, F4 | 9,462 | $39.06 | $370K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 395,570 contracts (Direct);
Class B Common Stock — 373,729.586 shares (Direct)
Footnotes (5)
- F1. 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.
- 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 understated the number of shares beneficially owned directly by the reporting person by 82.351 shares due to an administrative error. This correction does not reflect any purchase, sale or other transaction by the reporting person.
- F3. Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.
- F4. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.
- F5. 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.
Key Figures
Stock options granted: 395,570 options
Option exercise price: $38.12 per share
Option expiration date: September 1, 2036
+5 more
8 metrics
Stock options granted
395,570 options
Non-qualified stock options granted to Elliott Hill on September 1, 2026
Option exercise price
$38.12 per share
Exercise price of stock options granted on September 1, 2026
Option expiration date
September 1, 2036
Expiration of options granted to Elliott Hill
Restricted Stock Units granted
108,400 RSUs
RSUs granted on September 1, 2026 under NIKE’s Stock Incentive Plan
Tax withholding shares
9,462 shares
Shares withheld to satisfy tax withholding on RSU vesting, not an open market transaction
RSU and option vesting rate
25% per year over 4 years
Both RSUs and options vest in four equal annual installments from grant date
Ownership correction amount
82.351 shares
Correction to previously understated directly owned shares due to administrative error
Tax withholding price
$39.06 per share
Value used for shares withheld to satisfy tax obligations upon RSU vesting
Key Terms
Restricted Stock Units, Stock Incentive Plan, Employee Stock Purchase Plan, tax withholding obligations
4 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") granted under the NIKE, Inc. Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Incentive Plan financial
"granted under the NIKE, Inc. Stock Incentive Plan; 25% of the total number"
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.
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.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs"
FAQ
What equity awards did NIKE (NKE) grant to CEO Elliott Hill on September 1, 2026?
On September 1, 2026, Elliott Hill received 395,570 stock options with a $38.12 exercise price expiring in 2036 and 108,400 Restricted Stock Units under NIKE’s Stock Incentive Plan, both vesting in four equal annual installments from the grant date.
How do the new NIKE (NKE) stock options granted to the CEO vest and when do they expire?
The stock options granted to Elliott Hill become exercisable as to 25% of the shares on each of the first four anniversaries of the September 1, 2026 grant date and expire on September 1, 2036, with an exercise price of $38.12 per share.
How do the NIKE (NKE) Restricted Stock Units granted to the CEO vest?
The 108,400 Restricted Stock Units granted to Elliott Hill vest as to 25% of the total units on each of the first four anniversaries of the September 1, 2026 grant date, under the NIKE, Inc. Stock Incentive Plan.
Does the NIKE (NKE) Form 4 indicate trades under a Rule 10b5-1 trading plan?
No. The filing does not report that the transactions were made under a Rule 10b5-1 trading plan, and there is no footnote indicating any pre-arranged trading arrangement.
What role does the NIKE (NKE) Employee Stock Purchase Plan play in the CEO’s reported holdings?
The filing notes that the CEO’s reported ownership includes shares acquired under NIKE, Inc.’s Employee Stock Purchase Plan, indicating that some directly owned Class B shares came from participation in that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
