STAAR Surgical (STAA) exec's 6,599-share award, ownership corrected
Rhea-AI Filing Summary
STAAR SURGICAL CO (STAA) reported that Chief Development Officer Magda Michna settled and exercised performance-based equity awards on August 14, 2026. A third tranche of 5,499 performance stock units from her 2025 annual equity grant and 1,100 units from a promotion-related grant were settled into common stock, totaling 6,599 shares acquired. Of these, 2,797 shares were withheld to satisfy taxes and an additional 559 shares were delivered or withheld for payment of exercise price or tax liability. The company also corrected prior Form 4 filings to reflect lower historical beneficial ownership values.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,243 shares
Net Buy
6 txns
Insider
Michna Magda
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units F3 | 5,499 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F4 | 1,100 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,499 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 2,797 | $26.18 | $73K |
| Exercise Price or Tax Liability | Common Stock | 559 | $26.18 | $15K |
| Exercise | Common Stock | 1,100 | $26.18 | $29K |
Holdings After Transaction:
Performance Stock Units — 6,599 shares (Direct);
Common Stock — 41,343 shares (Direct)
Footnotes (4)
- F1. Due to clerical errors, the Reporting Person's prior Form-4 filed with the Securities and Exchange Commission on May 12, 2026 incorrectly reported this value as 32,691 shares when the Reporting Person beneficially owned 28,008 shares and the Reporting Person's prior Form 4 filed with the SEC on May 19, 2026 incorrectly reported this value as 46,026 when the Reporting Person beneficially owned 38.100. The values have been corrected herein.
- F2. On August 14, 2026, the third tranche of 5,499 performance stock units ("PSUs") awarded to the Reporting Person under the Issuer's 2025 Performance Stock Award Program ("2025 PSU Program") in connection with her annual equity grant vested, of which 2,797 shares were withheld to satisfy taxes.
- F3. Represents the settlement of the third tranche of 5,499 PSUs awarded to the Reporting Person under the Issuer's 2025 PSU Program in connection with her annual equity grant vested. 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.
- F4. Represents the settlement of the third tranche of of 1,100 PSUs awarded to the Reporting Person under the Issuer's 2025 PSU Program in connection with her promotion to Chief Development Officer vested. 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
PSUs settled (annual grant tranche): 5,499 units
PSUs settled (promotion grant tranche): 1,100 units
Total shares acquired from PSU settlement: 6,599 shares
+4 more
7 metrics
PSUs settled (annual grant tranche)
5,499 units
Third tranche of PSUs under the 2025 PSU Program tied to annual equity grant
PSUs settled (promotion grant tranche)
1,100 units
Third tranche of PSUs under the 2025 PSU Program tied to promotion to Chief Development Officer
Total shares acquired from PSU settlement
6,599 shares
Common stock received upon settlement and exercise/conversion of PSUs on August 14, 2026
Shares withheld to satisfy taxes
2,797 shares
Withholding from the 5,499-PSU tranche under the 2025 PSU Program
Additional shares delivered/withheld for payment
559 shares
Code F transaction for payment of exercise price or tax liability
Per-share value used for F-code transactions
$26.18 per share
Applied to 2,797- and 559-share tax or exercise-price-related dispositions
Expiration date of PSU awards
December 31, 2027
Expiration date listed for the performance stock unit awards involved in these settlements
Key Terms
Performance Stock Units, 2025 Performance Stock Award Program, Rule 16b-3(d), beneficially owned, +1 more
5 terms
Performance Stock Units financial
"third tranche of 5,499 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 Award Program financial
"awarded to the Reporting Person under the Issuer's 2025 Performance Stock Award Program"
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.
beneficially owned financial
"incorrectly reported this value as 32,691 shares when the Reporting Person beneficially owned 28,008 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
withheld to satisfy taxes financial
"of which 2,797 shares were withheld to satisfy taxes"
FAQ
What insider equity transactions did STAA executive Magda Michna report on August 14, 2026?
Magda Michna reported settlement and exercise of performance stock units into common stock on August 14, 2026. A total of 6,599 shares of STAAR SURGICAL CO common stock were acquired upon vesting of 2025 Performance Stock Award Program tranches tied to annual and promotion-related grants.
Were the August 14, 2026 STAA insider transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmatively marked, and no footnote describes a pre-arranged trading plan. The reported activity concerns PSU vesting and related tax or exercise-price share withholdings rather than open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
