Form 4: Henry Schein Director William K. Daniel to Receive Future Restricted Stock Grant

Henry Schein, Inc. Director William K. Daniel is slated to receive a grant of 2,849 restricted stock units (RSUs) on June 13, 2025, under the company's 2023 Non-Employee Director Stock Incentive Plan.

Summary

• William K. Daniel, a Director of Henry Schein, Inc. (HSIC), is scheduled to receive a grant of 2,849 restricted stock units (RSUs).
• The transaction date for this grant is June 13, 2025.
• The RSUs were granted at a price of $0.00 per unit.
• This grant is made pursuant to the Issuer's 2023 Non-Employee Director Stock Incentive Plan.
• Vesting of the RSUs is subject to the passage of a specified period of time and Mr. Daniel's continued performance of services for Henry Schein, Inc.
• Following this reported transaction, Mr. Daniel will beneficially own 2,849 shares directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a standard practice that aligns the director's interests with the company's long-term performance, reflecting a positive aspect of corporate governance and director retention.

Positives

• The grant of restricted stock units aligns the director's interests with long-term shareholder value by tying compensation to the company's equity performance.
• The issuance of RSUs under a formal incentive plan (2023 Non-Employee Director Stock Incentive Plan) indicates a structured and transparent approach to non-employee director compensation.

Negatives

• The director will not receive an immediate cash benefit from this grant, as the RSUs are subject to future vesting conditions.

Risks

• The vesting of the RSUs is contingent upon the director's continued service, meaning the units could be forfeited if service ceases before the vesting conditions are met.
• The ultimate value of the RSUs upon vesting is dependent on the future market price of Henry Schein, Inc. common stock, exposing the director to market risk.

Future Outlook

The vesting of the granted restricted stock units is subject to the passage of a specified period of time and the reporting person's continued performance of services for the Issuer, indicating a future commitment and potential equity accumulation for the director.

Management Comments

• The filing indicates that the grant of restricted stock units is pursuant to the Issuer's 2023 Non-Employee Director Stock Incentive Plan, and vesting is contingent on continued service.

Industry Context

The grant of restricted stock units to a non-employee director is a common practice in the healthcare distribution and services industry, aligning director incentives with long-term company performance and shareholder interests. This compensation structure is typical for publicly traded companies seeking to attract and retain experienced board members.

Comparison to Industry Standards

• While specific comparable companies' RSU grant details are not provided in this filing, the practice of granting equity to non-employee directors is a standard corporate governance practice across various industries, including healthcare.
• Major players in healthcare distribution, such as McKesson Corporation (MCK) or Cardinal Health, Inc. (CAH), commonly utilize similar equity-based compensation plans for their non-executive directors to foster alignment with shareholder value and promote long-term commitment.

Corporate Governance

Related Party Transactions

• Grant of 2,849 restricted stock units to William K. Daniel, a Director of Henry Schein, Inc., under the company's 2023 Non-Employee Director Stock Incentive Plan.

Stakeholder Impact

• **Shareholders:** The grant of RSUs to a director aligns their interests with shareholders by tying a portion of their compensation to the company's stock performance over time, potentially encouraging decisions that enhance long-term value.
• **Employees:** No direct impact on general employees is mentioned or implied in this filing.

Next Steps

• 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 Henry Schein, Inc.

Key Dates

Recommendation

Keywords

Henry Schein, HSIC, Form 4, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction, William K. Daniel