Form 4: Henry Schein Executive James Breslawski Reports Stock Transactions
SEC Form 4 Filing
James Breslawski, Vice Chairman and President of Henry Schein, Inc., reports the acquisition and disposal of company stock, including transactions related to tax obligations and a Rule 10b5-1 trading plan.
Summary
- James Breslawski, Vice Chairman, President of Henry Schein, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 1, 2024, 3,271 shares were surrendered to cover tax obligations at a price of $76.88 per share.
- On March 4, 2024, 17,092 restricted stock units (RSUs) were granted under the company's 2020 Stock Incentive Plan.
- Also on March 4, 2024, 2,907 shares were sold at $76.50 per share under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Breslawski directly owns 212,469 shares of Henry Schein stock.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation and pre-planned trading, indicating a neutral sentiment.
Positives
- The grant of 17,092 restricted stock units (RSUs) aligns executive compensation with company performance and continued service.
Future Outlook
The vesting of the performance-based RSUs is contingent upon the Issuer's achievement of a specified performance goal and the reporting person's continued performance of services for the Issuer.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of Rule 10b5-1 plans is a common practice to allow insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and pre-planned trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/03/2020 | Date of original grant of time-based restricted stock/units that vested on March 3, 2024 |
| 09/19/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 03/01/2024 | Shares surrendered to cover tax obligations. |
| 03/03/2024 | Actual vesting date of March 3, 2020 grant of time-based restricted stock/units |
| 03/04/2024 | Grant of restricted stock units (RSU) and sale of shares under Rule 10b5-1 trading plan. |
| 03/05/2024 | Date of Form 4 filing. |
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