Envista executive granted stock units and options
Envista Holdings Corp reported that Robert Befidi, its President, Diagnostics, received several equity awards.
Rhea-AI Filing Summary
Envista Holdings Corp reported that Robert Befidi, its President, Diagnostics, received several equity awards. He was granted 13,845 Performance Share Units, which can pay out between 0% and 200% of this target amount depending on performance over a three-year period.
He also received 18,020 employee stock options that vest in three equal annual installments, and 7,605 restricted stock units that likewise vest ratably over three years, all subject to continued service. Separately, 2,177 common shares were withheld at $29.59 per share to cover tax obligations on vesting RSUs, leaving him with 50,932 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 13,845 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (Right to Buy) | 18,020 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,177 | $29.59 | $64K |
| Grant/Award | Common Stock | 7,605 | $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
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How do Robert Befidi’s restricted stock units vest at Envista (NVST)?
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