Zumiez (ZUMZ) president gets new RSUs, options and exercises units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zumiez Inc President International Adam Christopher Ellis reported routine equity compensation and related share movements. He received a grant of 13,812 restricted stock units, which convert into common stock on a one-for-one basis and will vest over 3 years, and 27,149 stock options with a $21.72 exercise price that vest in equal annual installments over 4 years.
Ellis also exercised 6,845 restricted stock units into common stock and had 1,695 shares withheld at $21.51 per share to cover tax obligations, rather than sold on the open market. Following these transactions, he holds 67,985 shares of Zumiez common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,845 shares exercised/converted
Mixed
5 txns
Insider
ELLIS ADAM CHRISTOPHER
Role
President International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,845 | $0.00 | -- |
| Exercise | Common Stock | 6,845 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,695 | $21.51 | $36K |
| Grant/Award | Restricted Stock Units | 13,812 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 27,149 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 42,514 shares (Direct);
Common Stock — 69,680 shares (Direct);
Stock Option (Right to Buy) — 27,149 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Shares withheld by Zumiez Inc. to pay taxes on restricted stock. The shares acquired represent a grant of restricted stock units that will vest over 3 years. Options subject to this grant vest over a 4-year period in equal annual installments.
FAQ
What insider transactions did Zumiez (ZUMZ) executive Adam Ellis report?
Adam Ellis reported equity compensation and related share movements. He received new restricted stock units and stock options, exercised previously granted units into common stock, and had a portion of shares withheld to cover tax obligations associated with the vesting event.
How many restricted stock units did Zumiez (ZUMZ) grant to Adam Ellis?
Zumiez granted Adam Ellis 13,812 restricted stock units. These units convert into common stock on a one-for-one basis and are scheduled to vest over a 3-year period, providing time-based equity compensation tied to his continued service with the company.
What stock options did Adam Ellis receive from Zumiez (ZUMZ)?
Adam Ellis received stock options covering 27,149 shares of Zumiez common stock at an exercise price of $21.72 per share. These options vest in equal annual installments over 4 years and expire on March 16, 2036, aligning long-term incentives with company performance.
Are the Zumiez (ZUMZ) insider tax withholdings considered open-market sales?
No, the 1,695 shares withheld at $21.51 per share are not open-market sales. These shares were retained by Zumiez to pay taxes on restricted stock, a routine non-market disposition that does not represent discretionary selling activity by Adam Ellis.