Form 4: USANA Health Sciences Director Timothy Wood Reports Stock Unit Activity
SEC Form 4 Filing
Director Timothy Wood reports the vesting and disposal of restricted stock units in USANA Health Sciences.
Summary
- On August 2, 2024, Timothy E Wood, a director of USANA Health Sciences Inc., had 674 restricted stock units vest.
- These units were then converted into common stock and disposed of.
- Following the transaction, Wood directly owns 2,023 derivative securities and 5,926 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director, reflecting routine compensation practices.
Future Outlook
The remaining restricted stock units will vest in subsequent quarters, specifically November 2, 2024, February 2, 2025, and May 2, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies like USANA Health Sciences.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Next Steps
- The remaining restricted stock units will vest on November 2, 2024, February 2, 2025, and May 2, 2025.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of transaction: 674 restricted stock units vested and disposed of. |
| 08/02/2024 | 25% of restricted stock units vest. |
| 11/02/2024 | 25% of restricted stock units vest. |
| 02/02/2025 | 25% of restricted stock units vest. |
| 05/02/2025 | 25% of restricted stock units vest. |
| 08/05/2024 | Date of signature for the Form 4 filing. |
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