ALIGN Technology (ALGN) CFO receives stock grants and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALIGN TECHNOLOGY INC EVP and Chief Financial Officer John Morici reported multiple equity transactions involving restricted stock units, market stock units, and common stock. On February 20, 2026, he received a grant of 8,423 restricted stock units, which vest in four equal annual installments starting February 20, 2027.
He was also granted 17,102 market stock units, representing the target number of shares that may be issued; if performance exceeds target, up to 250% of this target may vest at the end of the three-year performance period. Several previously granted restricted stock units and a market stock unit vested and were converted into common shares through exercises coded as derivative conversions.
Following these transactions, Morici directly owned 16,085 shares of common stock, with 2,549 shares of common stock withheld at a price of $190.02 per share to cover tax obligations associated with the equity vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,848 shares exercised/converted
Mixed
9 txns
Insider
Morici John
Role
EVP, CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 8,423 | $0.00 | -- |
| Grant/Award | Market Stock Unit | 17,102 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 837 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,251 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 389 | $0.00 | -- |
| Exercise | Market Stock Unit | 4,653 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 718 | $0.00 | -- |
| Exercise | Common Stock | 7,848 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,549 | $190.02 | $484K |
Holdings After Transaction:
Restricted Stock Unit — 8,423 shares (Direct);
Market Stock Unit — 17,102 shares (Direct);
Common Stock — 16,085 shares (Direct)
Footnotes (1)
- Represents par value of ALGN common stock. 1/4th of the restricted stock unit granted on February 20, 2026 will become vested on February 20, 2027 and shares will be delivered to reporting person on such date. 1/4th of restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on such vest date. Represents the number of shares which may be issued at target under the market stock unit. If performance exceeds target, the maximum number of shares that may vest is 250% of the at target amount. Vesting, if any, of the market stock unit occurs on the last day of the third year of the Performance Period (as defined in the market stock unit agreement). 1/4th of the restricted stock unit granted on February 20, 2024 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date. 1/4th of the restricted stock unit granted on February 20, 2025 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date. 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. The market stock unit granted on February 20, 2023 became vested on February 20,2026 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit granted on February 20, 2023 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each such vest date.
FAQ
What equity awards did ALIGN TECHNOLOGY (ALGN) CFO John Morici receive?
John Morici received a grant of 8,423 restricted stock units and 17,102 market stock units. The restricted units vest over four years, while the market stock units vest based on performance at the end of a three-year period.
How do the new restricted stock units for ALGN’s CFO vest over time?
The 8,423 restricted stock units vest in four equal annual installments. One-quarter vests on February 20, 2027, with additional one-quarter installments vesting annually thereafter, and shares are delivered to the reporting person on each vesting date.
What is the performance structure of ALGN’s market stock units granted to the CFO?
The 17,102 market stock units represent the target number of shares. If performance exceeds target, up to 250% of the target amount may vest, with vesting, if any, occurring on the last day of the third year of the performance period.
Did John Morici dispose of any ALIGN TECHNOLOGY common stock in this Form 4?
Yes. 2,549 shares of common stock were disposed of at $190.02 per share in a tax-withholding transaction. These shares were delivered to cover tax liabilities related to the vesting and exercise of equity awards, not as an open-market sale.
Which earlier equity grants to ALGN’s CFO vested on February 20, 2026?
Portions of restricted stock units granted on February 20, 2022, 2023, 2024, and 2025 vested on February 20, 2026. A market stock unit granted on February 20, 2023 also vested on that date, with shares delivered to the reporting person.