Form 4: Henry Schein Director Joseph L. Herring Acquires Shares Under Stock Incentive Plan

Director Joseph L. Herring acquired 2,604 shares of Henry Schein Inc. common stock on March 4, 2024, under the company's 2023 Non-Employee Director Stock Incentive Plan.

Summary

• On March 4, 2024, Joseph L. Herring, a director of Henry Schein Inc. (HSIC), acquired 2,604 shares of common stock.
• The acquisition was made under the company's 2023 Non-Employee Director Stock Incentive Plan.
• The shares were acquired at a price of $0.00.
• Following the transaction, Herring directly owns 24,904 shares of Henry Schein Inc.
• The restricted stock/units will vest subject to the passage of a specified period of time and the reporting person's continued performance of services for the Issuer.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to positive as it shows alignment of interests between the director and shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The stock incentive plan aligns director interests with those of shareholders.

Future Outlook

The restricted stock/units will vest subject to (i) the passage of a specified period of time and (i) the reporting person's continued performance of services for the Issuer.

Industry Context

Stock ownership by board members is a common practice to align their interests with those of shareholders. These plans are typical in publicly traded companies to incentivize and retain directors.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to align their interests with shareholders, similar to practices at companies like McKesson or Cardinal Health.
• The vesting schedules for these grants typically range from one to three years, contingent upon continued service, which is a standard practice across the healthcare distribution industry.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• The stock incentive plan aligns director interests with those of shareholders, potentially leading to better corporate governance.

Key Dates