Envista CFO granted equity; shares withheld for tax
Envista Holdings Corp Chief Financial Officer Eric D. Hammes reported multiple equity transactions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 29,225 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (Right to Buy) | 38,040 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,045 | $29.59 | $61K |
| Grant/Award | Common Stock | 16,055 | $0.00 | $0.00 |
Footnotes (4)
- F1. 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").
- F2. 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.
- F3. 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.
- F4. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Envista (NVST) CFO Eric D. Hammes report?
What stock options were granted to the Envista (NVST) CFO?
How do the Envista (NVST) CFO’s restricted stock units vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.