Envista (NVST) CAO reports RSU grant and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Envista Holdings Corp Chief Accounting Officer Faez C. Kaabi reported two equity-related transactions involving company common stock. On the same date, 4,964 shares were disposed of at $29.59 per share to satisfy tax withholding obligations tied to the vesting of previously granted stock-settled RSUs.
Kaabi also acquired 13,520 RSUs as a grant that will vest in three equal annual installments, each RSU converting into one share of common stock upon vesting, subject to continued service. Following these transactions, Kaabi directly owned 58,552 shares of Envista common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kaabi Faez C
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,964 | $29.59 | $147K |
| Grant/Award | Common Stock | 13,520 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,032 shares (Direct)
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 ("RSUs"). 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.
FAQ
What insider transactions did Envista (NVST) Chief Accounting Officer report on this Form 4?
The Chief Accounting Officer reported a tax-withholding disposition of 4,964 Envista common shares and an acquisition of 13,520 restricted stock units. Both transactions occurred on the same date and relate to equity compensation and associated tax obligations rather than open-market buying or selling.
What equity award did the Envista (NVST) executive receive according to this Form 4?
The executive received 13,520 restricted stock units in Envista common stock. These RSUs vest ratably over three years on each anniversary of the grant date, with each RSU converting on a one-for-one basis into a share of Envista common stock upon vesting.
What do the Form 4 transaction codes F and A mean in the Envista (NVST) filing?
Code F indicates shares withheld to pay exercise price or taxes, here used for RSU tax withholding. Code A indicates a grant, award, or other acquisition, here representing the 13,520 newly granted restricted stock units that vest over three years in Envista stock.