Envista (NYSE: NVST) executive granted PSUs, RSUs, options and tax-share withholding
Rhea-AI Filing Summary
Envista Holdings Corp reported insider equity awards for Veronica Acurio, President, Orthodontics. On the reported date, she received grants of 13,845 Performance Share Units and 18,020 stock options, along with a 7,605-share award of common stock in the form of restricted stock units.
The performance units may ultimately pay out between 0%-200% of the 13,845 target amount based on achievement of specified performance measures over a three-year period. The option grant and restricted stock units vest in equal installments on each anniversary of grant over three years, conditioned on continued service.
The filing also shows a disposition of 1,412 common shares at $29.59 per share to satisfy tax withholding obligations tied to vesting RSUs, a non-open-market transaction. After these transactions, Acurio directly held 56,516 shares of Envista common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 13,845 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 18,020 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,412 | $29.59 | $42K |
| Grant/Award | Common Stock | 7,605 | $0.00 | -- |
Footnotes (1)
- Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations applicable to the vesting of stock-settled Restricted Stock Units ("RSU"). Consists of RSUs that will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date. Each RSU will convert on a 1-for-1 basis, in shares of the Issuer's common stock. Consists of Performance Share Units that will vest, if at all, based on certification of achievement of identified performance measures over a three-year performance period. The amount reported represents the amount of shares payable at target performance; the Reporting Person could earn 0%-200% of the amount reported depending on the level of performance achieved. This Option will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date.