Envista (NVST) CEO awarded PSUs, options and RSUs while shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Envista Holdings Corp CEO Paul A. Keel reported a mix of equity awards and a small tax‑related share disposition. He received 132,885 Performance Share Units, which can pay out between 0% and 200% of this target amount based on three‑year performance goals. He was also granted 115,320 stock options and 48,670 Restricted Stock Units, each scheduled to vest in equal installments over three years, contingent on continued service. To cover tax withholding on vested RSUs, 11,840 common shares were withheld at $29.59 per share, leaving him with 384,385 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Keel Paul A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 132,885 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 115,320 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,840 | $29.59 | $350K |
| Grant/Award | Common Stock | 48,670 | $0.00 | -- |
Holdings After Transaction:
Performance Share Unit — 132,885 shares (Direct);
Employee Stock Option (Right to Buy) — 115,320 shares (Direct);
Common Stock — 335,715 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 did Envista (NVST) CEO Paul Keel report in this Form 4 filing?
Paul Keel reported new equity compensation awards and a tax-related share withholding. He received performance share units, stock options, and restricted stock units, while 11,840 shares of common stock were withheld to satisfy taxes tied to vesting RSUs.
What stock option grant did Envista (NVST) CEO Paul Keel receive?
Paul Keel received 115,320 employee stock options. These options vest ratably on each anniversary of the grant date over three years, subject to his continued service with Envista, providing potential future rights to buy the company’s common stock.
How are Paul Keel’s Restricted Stock Units from Envista (NVST) structured?
Paul Keel’s grant includes 48,670 Restricted Stock Units. 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 upon vesting, assuming continued service.