EYE.NASDAQNational Vision Holdings, INC

Form 4: National Vision Holdings Executive Exercises Stock Options

Sentiment:

SEC Form 4 Filing

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Jared Brandman, Chief Legal Officer and Secretary of National Vision Holdings, Inc., reports transactions involving restricted stock units converting into common stock.

Summary

  • On March 4, 2025, Jared Brandman, Chief Legal Officer and Secretary of National Vision Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
  • The reported transactions involve the conversion of restricted stock units (RSUs) into common stock and the subsequent withholding of shares to cover tax liabilities.
  • Specifically, on March 1, 2025, 3,540 RSUs were converted, and 1,241 shares were withheld for taxes at a price of $12.71.
  • On March 2, 2025, 2,078 RSUs were converted, with 729 shares withheld for taxes at $12.71.
  • On March 3, 2025, 6,350 RSUs were converted, and 1,920 shares were withheld for taxes at $12.66.
  • Following these transactions, Brandman directly owns 43,378 shares of common stock and 19,100 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock option exercises. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

  • Form 4 filings are standard practice across all publicly traded companies in the US and are mandated by the SEC.
  • The information provided in this filing is consistent with what is expected from corporate insiders exercising stock options or RSUs.
  • Comparable companies such as Warby Parker and Vision Source also have executives who file Form 4s when they exercise their stock options.

Stakeholder Impact

  • The transactions reported in this filing have a minimal direct impact on stakeholders.
  • The exercise of stock options and subsequent sale of shares for tax purposes are common practices and do not significantly alter the company's financial position or operations.

Key Dates

DateDescription
03/02/2022Reporting person was granted 6,234 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
03/03/2023Reporting person was granted 19,050 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
03/01/2024Reporting person was granted 10,621 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
03/01/2025Conversion of 3,540 Restricted Stock Units to Common Stock.
03/01/2025Shares withheld for taxes: 1,241 at $12.71.
03/02/2025Conversion of 2,078 Restricted Stock Units to Common Stock.
03/02/2025Shares withheld for taxes: 729 at $12.71.
03/03/2025Conversion of 6,350 Restricted Stock Units to Common Stock.
03/03/2025Shares withheld for taxes: 1,920 at $12.66.
03/04/2025Date of Form 4 Filing.

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