NIKE (NKE) COO Venkatesh reports 9,853-share RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NIKE, Inc. Executive Vice President and Chief Operating Officer Alagirisamy Venkatesh reported a tax-related share disposition tied to equity compensation. On vesting of restricted stock units, 9,853 shares of Class B Common Stock were withheld by NIKE at $44.65 per share to cover tax obligations, rather than being sold in the open market. After this withholding, Venkatesh directly holds 76,546.9272 Class B shares, including shares previously acquired through NIKE's Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alagirisamy Venkatesh
Role
EVP: CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 9,853 | $44.65 | $440K |
Holdings After Transaction:
Class B Common Stock — 76,546.927 shares (Direct, null)
Footnotes (1)
- 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.
Key Figures
Shares withheld for taxes: 9,853 shares
Withholding price: $44.65 per share
Shares held after transaction: 76,546.9272 shares
3 metrics
Shares withheld for taxes
9,853 shares
RSU vesting tax withholding on Class B Common Stock
Withholding price
$44.65 per share
Value used for tax-withholding disposition
Shares held after transaction
76,546.9272 shares
Direct Class B holdings following tax withholding
Key Terms
restricted stock units, Employee Stock Purchase Plan, Class B Common Stock, tax withholding obligations
4 terms
restricted stock units financial
"Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs"
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.
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.
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs"
FAQ
What insider transaction did NIKE (NKE) COO Alagirisamy Venkatesh report?
Alagirisamy Venkatesh reported a tax-withholding disposition of 9,853 NIKE Class B shares. The shares were withheld by NIKE upon vesting of restricted stock units to satisfy tax obligations, rather than being sold in the open market.
Was the NIKE (NKE) COO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. NIKE withheld 9,853 Class B shares to cover tax withholding obligations when restricted stock units vested, as explicitly noted, making this a routine compensation-related event instead of a discretionary stock sale.
What does the tax-withholding disposition code F mean on the NIKE (NKE) Form 4?
Code F on the Form 4 indicates payment of tax liability by delivering securities. For NIKE, 9,853 Class B shares were withheld by the company to satisfy tax obligations upon RSU vesting, and this event is not considered an open-market purchase or sale.