Envista (NYSE: NVST) CEO awarded 4,091 notional ECP shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Envista Holdings Corp. reported that Chief Executive Officer and director Paul A. Keel acquired derivative interests tied to company stock through an employee deferred compensation arrangement. On 02/01/2026, 4,091 notional shares were credited to his Envista deferred contribution programs – Envista Stock Fund at a reference price of $23.47 per share.
These unfunded, notional shares convert on a one-for-one basis into Envista common stock and represent the company’s annual contribution to the ECP Stock Fund in his account. The contribution amount is calculated using the closing price of Envista common stock on the last trading day of January, and vesting follows the program’s matching and non-elective contribution schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keel Paul A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Envista deferred contribution programs - Envista Stock Fund | 4,091 | $23.47 | $96K |
Holdings After Transaction:
Envista deferred contribution programs - Envista Stock Fund — 4,091 shares (Direct)
Footnotes (1)
- The notional shares convert on a one-for-one basis. Company contributions to the Excess Contribution Program ("ECP") consist of matching contributions (based on amounts the reporting person voluntary defers into the Envista Deferred Compensation Plan) and/or non-elective contributions. A participant vests in the matching contribution in the ECP made each year on the first anniversary after it is credited to the participant's account. A participant vests in the non-elective contribution in the ECP made each year on the later of the first anniversary after it is credited to the participant's account, or the date the participant has completed three years of service with Envista. Represents the Company's annual contribution to the Envista stock fund (the "ECP Stock Fund") in the reporting person's ECP account. The Company contributions are deemed to be invested in a number of unfunded, notional shares of Envista common stock, calculated by dividing the contribution amount by the closing price of Envista common stock as reported on the NYSE as of the last day in January of the year in which the contribution is made. Consists of unfunded, notional shares of Envista common stock in the Envista stock fund of the reporting person's ECP account.
FAQ
What did Envista (NVST) disclose in this Form 4 filing?
Envista disclosed that CEO and director Paul A. Keel received 4,091 notional shares in the Envista deferred contribution programs – Envista Stock Fund. These represent a company contribution under the Excess Contribution Program, linked one-for-one to Envista common stock value through an unfunded, notional arrangement.
What price was used to calculate Envista’s ECP stock contribution?
The contribution was calculated using a reference price of $23.47 per Envista common share. The company determines the number of unfunded, notional shares by dividing the contribution amount by Envista’s closing stock price on the NYSE on the last day of January each year.
Is the Envista CEO’s Form 4 transaction a direct stock purchase?
No, it is not a direct market stock purchase. The Form 4 reports 4,091 unfunded, notional shares credited as a company contribution to the CEO’s ECP Stock Fund account, which tracks Envista common stock value rather than representing currently funded, freely tradable shares.
What is the Envista ECP Stock Fund mentioned in the Form 4?
The ECP Stock Fund is an investment option within Envista’s Excess Contribution Program. Company contributions for eligible participants, such as the CEO, are deemed invested in unfunded, notional shares of Envista common stock, calculated using Envista’s NYSE closing price on the last trading day of January.