NIKE EVP Robert Leinwand Receives RSU Award; Shares Withheld

What Happened
Robert Leinwand, Executive Vice President and Chief Legal Officer of NIKE, received equity awards on Sept 1, 2026. The filing shows two award entries: 34,069 shares acquired (A) at $0.00 and an additional 124,322 shares reported as a derivative acquisition (A) — together totaling 158,391 shares. To satisfy withholding obligations upon vesting, 3,430 shares were withheld (transaction code F) at an indicated price of $39.06 per share, equal to approximately $133,976. The awards are reported as RSUs under NIKE’s Stock Incentive Plan; the withheld shares were not an open‑market sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (timely filing).
• Awards: 34,069 shares (A) and 124,322 shares (A, derivative) — total 158,391.
• Tax withholding: 3,430 shares (F) withheld at $39.06 each = ~$133,976 (not an open‑market sale).
• Relevant footnotes: F1 (RSUs granted under NIKE Stock Incentive Plan); F2 (company withheld shares to satisfy tax obligations). Other standard plan footnotes (F3–F5) appear on the filing but F1/F2 are the ones applicable here.
• Shares owned after the transactions: not specified in the Form 4.

Context
RSUs are grant awards that typically vest over time (footnote F1 notes 25% vests on each of the first four anniversaries of the grant). The withholding of 3,430 shares is a cashless tax withholding mechanism and should not be interpreted as an open‑market sale. This filing does not indicate a purchase (bullish signal) or a voluntary sale by the insider — it reports compensation awards and mandatory tax withholding.