Form 4: Nike Director Michelle Peluso Receives Stock Grant

Nike Director Michelle Peluso was granted 2,619 restricted shares of Class B Common Stock as part of the company's Stock Incentive Plan.

Summary

• Michelle A. Peluso, a Director of NIKE, Inc., received a grant of 2,619 shares of Class B Common Stock.
• The shares were granted on September 9, 2025, under the NIKE, Inc. Stock Incentive Plan.
• These are restricted shares, meaning they are subject to a vesting schedule.
• The restrictions will lapse on 100% of the shares on the earlier of the date of the next annual meeting of shareholders or the last day of the 12th full calendar month following the grant date.
• Following this transaction, Ms. Peluso beneficially owns 32,814 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive event for the individual and a standard practice for aligning director interests with shareholders, indicating stability in compensation practices.

Positives

• The grant of 2,619 restricted shares to Director Michelle Peluso aligns her interests with long-term shareholder value.
• The shares were granted at a price of $0, indicating a direct equity award rather than a purchase.

Negatives

• No specific negative aspects are identified in this routine insider transaction filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The restricted shares granted to Director Michelle Peluso are subject to a vesting schedule, with restrictions lapsing on 100% of the shares on the earlier of the next annual meeting of shareholders or the last day of the 12th full calendar month following the grant date of September 9, 2025.

Industry Context

Equity grants to non-employee directors are a standard practice across publicly traded companies, including those in the consumer discretionary and apparel industry, to align director incentives with shareholder interests and encourage long-term commitment.

Comparison to Industry Standards

• The practice of granting restricted stock to non-employee directors, such as Michelle Peluso at Nike, is a common compensation strategy in large-cap companies across various sectors, including peers like Adidas, Lululemon, and Under Armour.
• These grants typically vest over a period or upon specific events, similar to the terms outlined for Nike's grant.
• The $0 acquisition price is standard for equity awards.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with long-term shareholder value.
• Director (Michelle Peluso): Receives additional equity compensation, increasing her stake in the company.

Next Steps

• The restricted shares will vest on the earlier of the next annual meeting of shareholders or the last day of the 12th full calendar month following September 9, 2025.

Key Dates

Keywords

Nike, NKE, Michelle Peluso, Director, Stock Grant, Restricted Stock, Insider Transaction, Form 4, Equity Compensation