YETI (NYSE: YETI) SVP awarded stock units and uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YETI Holdings senior vice president Duff Martin reported several equity award transactions in company common stock. He acquired a total of 27,655 shares and restricted stock units at no cash cost, including performance-based units that vested after the compensation committee certified achievement of multi-year performance goals.
To cover related tax obligations, 7,357 shares were withheld at a price of $47.68 per share. After these transactions, Martin directly held 41,726 shares of common stock, which includes 22,488 shares underlying restricted stock units that will settle one-for-one in stock as they vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Duff Martin
Role
SVP, Supply Chain & Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,644 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,357 | $47.68 | $351K |
| Grant/Award | Common Stock | 11,011 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,083 shares (Direct)
Footnotes (1)
- Represents shares of common stock underlying an award of restricted stock units previously granted by the Issuer on February 24, 2023, the vesting of which was subject to the Issuer's achievement of previously established performance criteria over a multi-year measurement period. The Compensation Committee of the Issuer's Board of Directors has certified achievement of the performance criteria, and the number of shares of common stock reported herein consists of the shares underlying the award that were earned based upon such achievement. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person. Represents restricted stock units. One-third of the restricted stock units will vest on February 20, 2027, and one-sixth of the restricted stock units will vest on each of the first four six-month anniversaries thereafter. Each restricted stock unit represents the right to receive one share of the Issuer's common stock. Includes 22,488 shares underlying restricted stock units. Upon settlement in accordance with the terms of the applicable award agreement, the restricted stock units will be paid on a one-for-one basis in shares of the Issuer's common stock.
FAQ
What insider transactions did YETI (YETI) SVP Duff Martin report?
Duff Martin reported equity award activity involving YETI common stock. He acquired 27,655 shares and restricted stock units at no cash cost and had 7,357 shares withheld to satisfy tax obligations tied to vesting restricted stock units.
What performance conditions were tied to Duff Martin’s YETI (YETI) stock award?
Part of Duff Martin’s award came from restricted stock units granted in February 2023. These units vested only after YETI’s compensation committee certified achievement of pre-set multi-year performance criteria, determining how many shares were ultimately earned.
How do Duff Martin’s new YETI (YETI) restricted stock units vest over time?
Some reported holdings are restricted stock units with a staged vesting schedule. One-third will vest on February 20, 2027, and one-sixth will vest on each of the first four six-month anniversaries after that initial vesting date, subject to award terms.