YETI (NYSE: YETI) SVP granted RSUs, shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YETI Holdings executive Bryan C. Barksdale, SVP, CLO and Secretary, reported multiple equity compensation and related tax transactions in common stock. He acquired share-based awards through grants and the earning of performance-based restricted stock units, while shares were also disposed of to satisfy tax withholding obligations tied to vesting awards. After these transactions, his directly owned and RSU-based holdings totaled 82,316 shares, including 19,183 shares underlying restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Barksdale Bryan C.
Role
SVP, CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,632 | $0.00 | -- |
| Grant/Award | Common Stock | 16,632 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,570 | $47.68 | $313K |
| Tax Withholding | Common Stock | 6,570 | $47.68 | $313K |
| Grant/Award | Common Stock | 7,550 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,274 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 19,183 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 did YETI (YETI) executive Bryan C. Barksdale report on this Form 4?
Bryan C. Barksdale reported equity compensation activity in YETI common stock, including grants and performance-based restricted stock units. The filing also shows share dispositions used to cover tax withholding obligations arising from vesting of previously granted restricted stock units.
Were any of Bryan C. Barksdale’s YETI (YETI) transactions open-market sales?
The transactions reported were not open-market sales. Dispositions were coded as tax-withholding events, where shares were delivered to the issuer to satisfy tax obligations when restricted stock units vested, rather than discretionary share sales on the open market.
What performance-based award did Bryan C. Barksdale report for YETI (YETI)?
He reported shares underlying a restricted stock unit award granted on February 24, 2023, that depended on multi-year performance criteria. The compensation committee certified achievement of those criteria, and the shares reported were the portion earned based on that performance outcome.
What new restricted stock units did Bryan C. Barksdale receive from YETI (YETI)?
He received restricted stock units that vest over time. One-third of these units will vest on February 20, 2027, and one-sixth will vest on each of the first four six-month anniversaries thereafter, with each unit settling into one share of common stock upon vesting.