Envista (NVST) President awarded PSUs, RSUs, options in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Envista Holdings Corp reported that Robert Befidi, its President, Diagnostics, received several equity awards. He was granted 13,845 Performance Share Units, which can pay out between 0% and 200% of this target amount depending on performance over a three-year period.
He also received 18,020 employee stock options that vest in three equal annual installments, and 7,605 restricted stock units that likewise vest ratably over three years, all subject to continued service. Separately, 2,177 common shares were withheld at $29.59 per share to cover tax obligations on vesting RSUs, leaving him with 50,932 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Befidi Robert
Role
President, Diagnostics
| 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 | 2,177 | $29.59 | $64K |
| Grant/Award | Common Stock | 7,605 | $0.00 | -- |
Holdings After Transaction:
Performance Share Unit — 13,845 shares (Direct);
Employee Stock Option (Right to Buy) — 18,020 shares (Direct);
Common Stock — 43,327 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 ("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.
FAQ
What insider transactions did Envista (NVST) report for Robert Befidi?
Envista reported equity awards and a tax-related share withholding for Robert Befidi. He received Performance Share Units, stock options, and restricted stock units, while 2,177 common shares were withheld at $29.59 each to satisfy tax obligations tied to vesting RSUs.
What are the vesting terms of Robert Befidi’s stock options at Envista (NVST)?
Robert Befidi was granted 18,020 employee stock options. These options vest in three equal annual installments, one tranche on each anniversary of the grant date, provided he remains in continued service with Envista through each vesting date.
How do Robert Befidi’s restricted stock units vest at Envista (NVST)?
His restricted stock units vest ratably over three years. The RSUs convert into common stock on a one-for-one basis, with one-third vesting on each anniversary of the grant date, contingent on his continued service through each vesting date.