NIKE grants COO 135,624 options and 37,166 RSUs
NIKE’s COO received new option and RSU grants, with a portion of shares withheld to cover tax obligations.
Rhea-AI Filing Summary
NIKE, Inc. (NKE) reported that EVP and Chief Operating Officer Alagirisamy Venkatesh received equity awards and had related tax-share withholding on September 1, 2026. He was granted 135,624 Non-Qualified Stock Options for Class B Common Stock at an exercise price of $38.12 per share, expiring September 1, 2036; these options vest 25% on each of the first four anniversaries of the grant date. He also received a grant of 37,166 Restricted Stock Units, which vest 25% on each of the first four anniversaries. In connection with RSU vesting, 3,453 shares of Class B Common Stock were withheld at $39.06 per share to satisfy tax withholding obligations, which is not an open-market transaction. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Alagirisamy Venkatesh
Role
EVP: CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (Right to Buy) F4 | 135,624 | $0.00 | $0.00 |
| Grant/Award | Class B Common Stock F1 | 37,166 | $0.00 | $0.00 |
| Tax Withholding | Class B Common Stock F2, F3 | 3,453 | $39.06 | $135K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 135,624 contracts (Direct);
Class B Common Stock — 108,532.9272 shares (Direct)
Footnotes (4)
- 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. Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.
- F3. Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.
- F4. 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
Non-Qualified Stock Options Granted: 135,624 options
Option Exercise Price: $38.12 per share
Option Expiration Date: September 1, 2036
+4 more
7 metrics
Non-Qualified Stock Options Granted
135,624 options
Granted to EVP & COO on September 1, 2026, for Class B Common Stock
Option Exercise Price
$38.12 per share
Exercise price for 135,624 Non-Qualified Stock Options expiring September 1, 2036
Option Expiration Date
September 1, 2036
Expiration of Non-Qualified Stock Options granted September 1, 2026
RSUs Granted
37,166 RSUs
Restricted Stock Units granted September 1, 2026 under NIKE Stock Incentive Plan
Shares Withheld for Taxes
3,453 shares
Class B shares withheld to satisfy tax withholding on RSU vesting
Tax Withholding Price
$39.06 per share
Price used for 3,453 shares withheld for tax obligations
Vesting Schedule
25% per year over 4 years
Applies to both RSU grant and option grant beginning on grant date anniversaries
Key Terms
Non-Qualified Stock Option, Restricted Stock Units ("RSUs"), Stock Incentive Plan, Employee Stock Purchase Plan, +1 more
5 terms
Non-Qualified Stock Option financial
"security titled "Non-Qualified Stock Option (Right to Buy)""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") granted under the NIKE, Inc. Stock Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Incentive Plan financial
"granted under the NIKE, Inc. Stock Incentive Plan; 25% of the total"
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"
FAQ
What equity awards did NIKE (NKE) grant to EVP & COO Alagirisamy Venkatesh?
NIKE granted 135,624 Non-Qualified Stock Options with a $38.12 exercise price expiring September 1, 2036, and 37,166 Restricted Stock Units. Both the options and RSUs vest 25% on each of the first four anniversaries of the September 1, 2026 grant date.
How do the new NIKE (NKE) stock options for the COO vest?
The 135,624 stock options granted to the COO under NIKE’s Stock Incentive Plan become exercisable as to 25% of the shares on each of the first four anniversaries of the September 1, 2026 grant date, following a standard four-year graded vesting schedule.
What are the vesting terms of the RSUs granted by NIKE (NKE) to the COO?
The 37,166 RSUs granted under NIKE’s Stock Incentive Plan vest as to 25% of the total number of RSUs on each of the first four anniversaries of the September 1, 2026 grant date, creating a four-year vesting period for the full award.
Was a Rule 10b5-1 trading plan involved in the NIKE (NKE) Form 4 transactions?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that any of the September 1, 2026 transactions were executed pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
Do the NIKE (NKE) Form 4 transactions include any open market stock sales by the COO?
No. The only disposition reported is 3,453 shares withheld to cover RSU-related tax obligations at $39.06 per share, and the filing explicitly notes this is not an open market transaction. No open market sales or purchases are reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
