Form 4: Nike Executive Chairman Mark Parker Reports Stock Option Grant
SEC Filing
Mark Parker, Executive Chairman of NIKE, Inc., reports the acquisition of non-qualified stock options.
Summary
- Mark Parker, the Executive Chairman of NIKE, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction involving non-derivative securities.
- Parker acquired 83,964 non-qualified stock options on September 1, 2024, at an exercise price of $83.32.
- These options become exercisable in four equal installments on each of the first four anniversaries of the grant date.
- Following the reported transaction, Parker beneficially owns 83,964 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock option grants, which is neither particularly positive nor negative. It's a routine part of executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Nike. It provides transparency regarding the equity-based compensation of key executives.
Stakeholder Impact
- The grant of stock options aligns executive interests with those of shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of earliest transaction (stock option grant) |
| 09/01/2024 | Stock option grant date |
| 09/01/2034 | Stock option expiration date |
| 09/04/2024 | Date of Form 4 filing |
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