Form 4: National Vision Holdings Executive Reports Stock Transactions
SEC Form 4 Filing
Joseph VanDette, SVP and Chief Marketing Officer of National Vision Holdings, reports the vesting and conversion of restricted stock units into common stock, along with associated tax liability coverage.
Summary
- On March 3, 2024, Joseph VanDette, SVP, Chief Marketing Officer of National Vision Holdings, converted 6,350 restricted stock units into common stock.
- VanDette also disposed of 2,112 shares of common stock to cover tax liabilities related to the vesting of restricted stock units at a price of $23.54 per share.
- Following these transactions, VanDette directly owns 6,166 shares of common stock and 14,907 restricted stock units.
- The restricted stock units vest in three equal installments annually from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Grant date for 10,090 restricted stock units, vesting annually over three years. |
| 03/03/2024 | Conversion of 6,350 restricted stock units to common stock and disposal of 2,112 shares for tax liabilities. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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