Envista (NYSE: NVST) CFO awarded stock units; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Envista Holdings Corp Chief Financial Officer Eric D. Hammes reported multiple equity transactions. He received 29,225 Performance Share Units and 38,040 stock options that vest over three years, along with 16,055 restricted stock units that also vest annually over three years.
In a related tax-withholding transaction, 2,045 shares of common stock were withheld at $29.59 per share to cover taxes on vesting RSUs, rather than sold in the open market. After these transactions, his directly held common stock increased to 110,798 shares, with additional unvested equity awards outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Hammes Eric D.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 29,225 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 38,040 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,045 | $29.59 | $61K |
| Grant/Award | Common Stock | 16,055 | $0.00 | -- |
Holdings After Transaction:
Performance Share Unit — 29,225 shares (Direct);
Employee Stock Option (Right to Buy) — 38,040 shares (Direct);
Common Stock — 94,743 shares (Direct)
Footnotes (1)
- Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations applicable to the vesting of stock-settled Restricted Stock Units ("RSU"). Consists of RSUs that will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date. Each RSU will convert on a 1-for-1 basis, in shares of the Issuer's common stock. Consists of Performance Share Units that will vest, if at all, based on certification of achievement of identified performance measures over a three-year performance period. The amount reported represents the amount of shares payable at target performance; the Reporting Person could earn 0%-200% of the amount reported depending on the level of performance achieved. This Option will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date.
FAQ
What insider transactions did Envista (NVST) CFO Eric D. Hammes report?
Envista CFO Eric D. Hammes reported equity awards and a tax-related share withholding. He received Performance Share Units, stock options, and restricted stock units, while 2,045 common shares were withheld to satisfy tax obligations tied to vesting RSUs.
What stock options were granted to the Envista (NVST) CFO?
He was granted 38,040 employee stock options. These options vest ratably on each anniversary of the grant date over three years, contingent on continued service, giving him the right to buy Envista common stock once vested.
How do the Envista (NVST) CFO’s restricted stock units vest?
The filing shows 16,055 restricted stock units granted to Eric D. Hammes. These RSUs vest in equal installments on each anniversary of the grant date over three years and convert on a one-for-one basis into Envista common shares when they vest.