STAAR Surgical (STAA) interim Co-CEO receives PSUs and share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STAAR Surgical interim Co-CEO and CFO Deborah J. Andrews reported equity compensation activity tied to performance stock units that vested on May 15, 2026. Two tranches of performance stock units under the 2025 PSU Program settled into 10,466 and 5,233 shares of common stock after the Compensation Committee certified performance results.
To cover tax obligations on these vestings, the company withheld 3,755 and 1,877 shares, reported as tax-withholding dispositions at about $32.07 per share. After these non‑market transactions, Andrews directly held 15,297 shares of STAAR Surgical common stock. The filing reflects routine compensation and tax withholding, not open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,699 shares exercised/converted
Mixed
6 txns
Insider
ANDREWS DEBORAH J
Role
Interim Co-CEO and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 10,466 | $0.00 | -- |
| Exercise | Performance Stock Units | 5,233 | $0.00 | -- |
| Grant/Award | Common Stock | 10,466 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,755 | $32.07 | $120K |
| Grant/Award | Common Stock | 5,233 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,877 | $32.07 | $60K |
Holdings After Transaction:
Performance Stock Units — 10,466 shares (Direct, null);
Common Stock — 10,466 shares (Direct, null)
Footnotes (1)
- On May 15, 2026, the first tranche of 10,466 performance stock units ("PSUs") awarded to the Reporting Person under the Issuer's 2025 Performance Stock Unit Award Program ("2025 PSU Program") in connection with her new hire grant vested, of which 3,755 shares were withheld to satisfy taxes . On May 15, 2026, the second tranche of 5,233 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her new hire grant vested, of which 1,877 shares were withheld to satisfy taxes. Represents the settlement of the first tranche of performance stock units awarded to the Reporting Person in connection with her new hire grant under the 2025 PSU Program. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported. Represents the settlement of the second tranche of performance stock units awarded to the Reporting Person in connection with her new hire grant under the 2025 PSU Program. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported.
Key Figures
First PSU tranche vested: 10,466 shares
Second PSU tranche vested: 5,233 shares
Tax withholding (first tranche): 3,755 shares
+4 more
7 metrics
First PSU tranche vested
10,466 shares
Common stock from first performance stock unit tranche on May 15, 2026
Second PSU tranche vested
5,233 shares
Common stock from second performance stock unit tranche on May 15, 2026
Tax withholding (first tranche)
3,755 shares
Shares withheld to satisfy taxes, F-code transaction at ~$32.07
Tax withholding (second tranche)
1,877 shares
Shares withheld to satisfy taxes, F-code transaction at ~$32.07
Effective price for withholding
$32.07 per share
Price used for tax-withholding dispositions of common stock
Post-transaction holdings
15,297 shares
Deborah Andrews’ direct common stock holdings after transactions
Derivative PSUs exercised
15,699 units
Performance stock units converted into common stock (M-code transactions)
Key Terms
Performance Stock Units, 2025 Performance Stock Unit Award Program, tax-withholding disposition, Compensation Committee, +1 more
5 terms
Performance Stock Units financial
"On May 15, 2026, the first tranche of 10,466 performance stock units ("PSUs") awarded to the Reporting Person..."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2025 Performance Stock Unit Award Program financial
"PSUs awarded to the Reporting Person under the Issuer's 2025 Performance Stock Unit Award Program ("2025 PSU Program")..."
tax-withholding disposition financial
"of which 3,755 shares were withheld to satisfy taxes ."
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.
Compensation Committee financial
"The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Rule 16b-3(d) regulatory
"The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
FAQ
What insider transactions did STAAR Surgical (STAA) report for Deborah Andrews?
Deborah J. Andrews reported vesting and settlement of performance stock units into common stock and related tax-withholding share dispositions. These transactions reflect equity compensation under the 2025 PSU Program rather than open‑market purchases or sales, and adjust her direct ownership in STAAR Surgical shares.
What is the 2025 PSU Program mentioned in STAAR Surgical’s Form 4?
The 2025 Performance Stock Unit Award Program grants performance-based stock units that can settle into common shares if defined goals are achieved. For Deborah Andrews, the number of shares earned was determined after the Compensation Committee certified performance against those program goals.
Were Deborah Andrews’ original PSU grants previously reported by STAAR Surgical?
The filing states the original PSU grants were exempt and not previously reported under Rule 16b-3(d). The current Form 4 instead reports the settlement of those performance stock units into common shares once performance goals were certified and the awards vested.