PVH (NYSE: PVH) EVP granted 3,712 RSUs as 175 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PVH Corp. executive Erik W. Graf, EVP and Controller, received an equity compensation grant tied to company stock. He was awarded 3,712 restricted stock units, each representing one share of PVH common stock, vesting 25% (928 units) on each anniversary of the grant, with shares delivered after vesting.
In connection with the vesting of restricted stock units, 65 shares and 110 shares of common stock were withheld at $80.83 per share to satisfy his tax obligations, rather than being sold in the market. After these transactions, he directly holds 13,023 shares of PVH common stock, including 11,977 shares subject to unvested restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Graf Erik W.
Role
EVP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1 par value | 3,712 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 par value | 65 | $80.83 | $5K |
| Tax Withholding | Common Stock, $1 par value | 110 | $80.83 | $9K |
Holdings After Transaction:
Common Stock, $1 par value — 13,198 shares (Direct)
Footnotes (1)
- Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (928 shares) on each anniversary of grant. Vested shares are delivered as soon as practicable after they vest. Includes 12,451 shares of Common Stock subject to unvested awards of restricted stock units. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 175 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 12,276 shares of Common Stock subject to unvested awards of restricted stock units. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 299 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 11,977 shares of Common Stock subject to unvested awards of restricted stock units.
Key Figures
RSU grant size: 3,712 units
Annual vesting tranche: 928 units
Tax-withheld shares: 175 shares
+3 more
6 metrics
RSU grant size
3,712 units
Restricted stock units awarded to Erik W. Graf
Annual vesting tranche
928 units
25% of RSU grant vests on each anniversary
Tax-withheld shares
175 shares
Shares withheld to satisfy tax obligations on vesting
Withholding price
$80.83 per share
Value used for 65 and 110 share tax-withholding entries
Shares held after transactions
13,023 shares
Direct PVH common stock holdings following Form 4 transactions
Unvested RSUs included
11,977 shares
Common shares subject to unvested restricted stock unit awards
Key Terms
restricted stock units, vesting, tax obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Represents shares subject to an award of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"The units vest 25% (928 shares) on each anniversary of grant."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax obligations financial
"Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 175 restricted stock units."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did PVH (PVH) EVP Erik W. Graf report in this Form 4?
Erik W. Graf reported an equity compensation grant and related tax withholding. He received 3,712 restricted stock units in PVH common stock and had 175 shares withheld to cover taxes as those units vested, leaving him with 13,023 directly held shares afterward.
How many PVH (PVH) restricted stock units were granted to Erik W. Graf?
Erik W. Graf was granted 3,712 restricted stock units of PVH common stock. Each unit represents a contingent right to receive one share, vesting in four equal annual installments of 928 units, with shares delivered as soon as practicable after each vesting date.
What is the vesting schedule for Erik W. Graf’s PVH restricted stock units?
The 3,712 restricted stock units vest 25% each year, or 928 units on every anniversary of the grant date. After each vesting event, PVH delivers the corresponding common shares as soon as practicable, while a portion may be withheld to satisfy tax obligations.
Do the PVH Form 4 transactions indicate open-market buying or selling by Erik W. Graf?
The reported transactions do not show open-market buying or selling. They consist of a grant of 3,712 restricted stock units and F-code entries where 175 shares were withheld at $80.83 per share solely to cover tax liabilities associated with vesting, a routine administrative event.