STAAR Surgical CDO reports PSU vesting, tax withholding
STAAR Surgical Chief Development Officer Magda Michna reported compensation-related share activity tied to performance stock units.
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Form Type
4
Rhea-AI Filing Summary
STAAR Surgical Chief Development Officer Magda Michna reported compensation-related share activity tied to performance stock units. On May 15, 2026, multiple tranches of 2025 Performance Stock Units vested and were settled into a total of 19,795 shares of common stock. To cover tax obligations, 9,703 shares were withheld at a price of $32.07 per share. After these settlements and withholdings, Michna directly holds 38,093 shares of common stock and 10,997 remaining performance stock units.
Insider Trade Summary
19,795 shares exercised/converted
Exercise
12 txns
Insider
Michna Magda
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 10,997 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 5,499 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 2,199 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,100 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 10,997 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,595 | $32.07 | $179K |
| Grant/Award | Common Stock | 5,499 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,431 | $32.07 | $78K |
| Grant/Award | Common Stock | 2,199 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,118 | $32.07 | $36K |
| Grant/Award | Common Stock | 1,100 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 559 | $32.07 | $18K |
Holdings After Transaction:
Performance Stock Units — 19,795 contracts (Direct);
Common Stock — 42,783 shares (Direct)
Footnotes (8)
- F1. On May 15, 2026, the first tranche of 10,997 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 annual equity grant vested, of which 5,595 shares were withheld to satisfy taxes .
- F2. On May 15, 2026, the second tranche of 5,499 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her annual equity grant vested, of which 2,431 shares were withheld to satisfy taxes.
- F3. On May 15, 2026, the first tranche of 2,199 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her promtion to Chief Development Officer vested, of which 1,118 shares were withheld to satisfy taxes.
- F4. On May 15, 2026, the second tranche of 1,100 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her promtion to Chief Development Officer vested, of which 599 shares were withheld to satisfy taxes.
- F5. Represents the settlement of the first tranche of performance stock units awarded to the Reporting Person in connection with her annual equity 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.
- F6. Represents the settlement of the second tranche of performance stock units awarded to the Reporting Person in connection with her annual equity 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.
- F7. Represents the settlement of the first tranche of performance stock units awarded under the 2025 PSU Program to the Reporting Person in connection with her promtion to Chief Development Officer. 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.
- F8. Represents the settlement of the second tranche of performance stock units awarded under the 2025 PSU Program to the Reporting Person in connection with her promtion to Chief Development Officer. 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
PSU shares settled: 19,795 shares
Tax-withheld shares: 9,703 shares
Withholding price: $32.07 per share
+4 more
7 metrics
PSU shares settled
19,795 shares
Common stock from 2025 PSU Program settlements on May 15, 2026
Tax-withheld shares
9,703 shares
Shares withheld to satisfy taxes at $32.07 per share
Withholding price
$32.07 per share
Value applied to shares withheld for tax liabilities
Net common shares gained
10,092 shares
PSU settlements minus tax-withheld shares
Common shares held after
38,093 shares
Direct common stock holdings following reported transactions
Remaining PSUs
10,997 units
Performance stock units outstanding after exercises
PSU exercises
19,795 units
Total performance stock units exercised (code M) in this filing
Key Terms
Performance Stock Units, 2025 Performance Stock Unit Award Program, tax-withholding disposition, vesting, +1 more
5 terms
Performance Stock Units financial
"On May 15, 2026, the first tranche of 10,997 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 5,595 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.
vesting financial
"On May 15, 2026, the first tranche of 10,997 PSUs ... vested, of which 5,595 shares were withheld..."
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did STAAR Surgical (STAA) executive Magda Michna report in this Form 4?
Magda Michna reported vesting and settlement of performance stock units into STAAR Surgical common shares. Several PSU tranches from the 2025 PSU Program converted into stock, with a portion of shares withheld to satisfy related tax obligations, reflecting routine equity compensation activity.
What are Magda Michna’s STAAR Surgical holdings after these transactions?
After the reported transactions, Magda Michna holds 38,093 shares of STAAR Surgical common stock. She also retains 10,997 performance stock units, which remain outstanding under the 2025 Performance Stock Unit Award Program, providing continued equity-based exposure to the company.
Were these STAAR Surgical transactions open-market buys or sells by Magda Michna?
No, the filing shows no open-market purchases or sales by Magda Michna. The activity consists of PSU exercises (code M), share grants/awards (code A), and tax-withholding dispositions (code F), all related to equity compensation rather than discretionary trading in the open market.
What is the 2025 PSU Program mentioned in the STAAR Surgical Form 4?
The 2025 PSU Program is STAAR Surgical’s performance stock unit award program. Under this program, PSUs vest based on achievement of performance goals certified by the Compensation Committee, then settle into common shares such as those reported in Magda Michna’s recent transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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