NIKE (NKE) EVP Robert Leinwand: 413 Shares Withheld for Taxes

What Happened

• Robert Leinwand, EVP and Chief Legal Officer of NIKE, had 413 shares withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The withholding was recorded at $41.71 per share for a total value of approximately $17,226. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-03, 413 shares @ $41.71 per share (total ~$17,226).
• Transaction type: F — shares withheld to cover tax withholding upon RSU vesting (not a market sale).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — shares withheld by the company to satisfy tax withholding upon RSU vesting (not an open market transaction). Filing also includes F2/F3 footnotes referencing the Employee Stock Purchase Plan and 401(k) holdings (present in the filing but not directly related to this withholding).
• Filing/timeliness: Report filed 2026-08-05 for a 2026-08-03 transaction (appears to be timely under standard Form 4 rules).

Context

• This was a routine tax-withholding action following RSU vesting — the company retained shares to cover withholding taxes rather than the insider selling shares on the open market. Such withholdings are administrative and generally do not indicate a change in the insider’s view of the company’s stock.