Form 4: National Vision Holdings Executive Reports Scheduled RSU Vesting and Tax-Related Stock Disposition

Mark Banner, President of America's Best at National Vision Holdings, Inc., reported the scheduled vesting of restricted stock units and the subsequent disposition of shares to cover tax liabilities.

Summary

• Mark Banner, President, America's Best at National Vision Holdings, Inc. (EYE), reported transactions occurring on July 8, 2025.
• 11,728 shares of common stock were acquired upon the vesting of restricted stock units, as part of a pre-planned transaction under a Rule 10b5-1(c) plan.
• 3,462 shares of common stock were disposed of at a price of $24.73 per share to satisfy tax withholding obligations incident to the RSU vesting.
• Following these transactions, Mark Banner directly beneficially owns 8,266 shares of common stock.
• Additionally, 64,575 restricted stock units remain beneficially owned by Mark Banner.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event involving the vesting of restricted stock units and a standard tax-related share disposition. It is neutral in sentiment as it reflects a pre-planned compensation event rather than a discretionary sale or purchase, and is a common occurrence for executives receiving equity compensation.

Positives

• The vesting of restricted stock units indicates the fulfillment of long-term incentive compensation for a key executive, aligning their interests with company performance.
• The executive continues to hold a significant number of common shares (8,266) and unvested restricted stock units (64,575), demonstrating continued alignment with shareholder interests.

Negatives

• A portion of the vested shares (3,462 shares) was disposed of to cover tax liabilities, which, while a common practice, results in a reduction of the executive's direct common stock holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not indicate a significant change in the company's financial health or strategic direction. It slightly reduces the executive's direct common stock holdings but aligns executive interests through continued RSU holdings.

Next Steps

• The remaining restricted stock units (RSUs) granted on July 8, 2024, are scheduled to vest in two additional equal installments on the subsequent anniversaries of the grant date.

Key Dates

Keywords

National Vision Holdings, EYE, Mark Banner, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Disposition, Tax Withholding, Executive Compensation, Rule 10b5-1 Plan