Form 4: NIKE Executive's Routine Share Withholding

NIKE EVP Philip McCartney reported a routine withholding of 683 shares of Class B Common Stock for tax obligations related to RSU vesting.

Summary

• Philip McCartney, Executive Vice President, Chief Innovation, Product & Design Officer at NIKE, Inc. (NKE), reported a transaction involving Class B Common Stock.
• On August 1, 2025, 683 shares of Class B Common Stock were disposed of at a price of $74.69 per share.
• This disposition was not an open market transaction but rather shares withheld by the company to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Mr. McCartney directly beneficially owns 38,754 shares of Class B Common Stock.
• Additionally, 1,787 shares are indirectly held in an account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax upon RSU vesting) which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This filing represents a routine insider transaction related to executive compensation and tax obligations, which is a standard practice across publicly traded companies when Restricted Stock Units (RSUs) vest. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-open market transaction for tax purposes, not indicative of a change in management's view of the company's prospects.

Key Dates

Keywords

NIKE, NKE, Form 4, Insider Transaction, Share Withholding, RSU Vesting, Executive Compensation, Corporate Governance