Form 4: National Vision Holdings Executive Exercises Stock Options, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Priti V. Patel, General Manager at National Vision Holdings, executed restricted stock units and sold shares to cover tax liabilities, according to a recent SEC filing.
Summary
- On March 1, 2025, Priti V. Patel, General Manager of National Vision Holdings, exercised 3,363 restricted stock units (RSUs) and sold 1,382 shares of common stock to cover tax obligations at a price of $12.71 per share.
- Following these transactions, Patel directly owns 10,939 shares of common stock and 14,556 restricted stock units.
- On March 2, 2025, Patel exercised 350 restricted stock units (RSUs) and sold 144 shares of common stock to cover tax obligations at a price of $12.71 per share.
- Following these transactions, Patel directly owns 11,145 shares of common stock and 14,206 restricted stock units.
- On March 3, 2025, Patel exercised 2,988 restricted stock units (RSUs) and sold 1,228 shares of common stock to cover tax obligations at a price of $12.66 per share.
- Following these transactions, Patel directly owns 12,905 shares of common stock and 11,218 restricted stock units.
- The RSUs are converted into common stock on a one-for-one basis and vest in three equal annual installments from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is common for executives holding stock options or restricted stock units in publicly traded companies. It reflects the executive's compensation and personal financial management rather than a strategic shift for the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares in the open market, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Reporting person was granted 1,050 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/03/2023 | Reporting person was granted 8,965 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2024 | Reporting person was granted 10,090 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2025 | Priti V. Patel exercised 3,363 restricted stock units and sold 1,382 shares of common stock. |
| 03/02/2025 | Priti V. Patel exercised 350 restricted stock units and sold 144 shares of common stock. |
| 03/03/2025 | Priti V. Patel exercised 2,988 restricted stock units and sold 1,228 shares of common stock. |
| 03/04/2025 | Date of signature for the SEC filing. |
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