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YETI Holdings, Inc.·4

Feb 24, 4:31 PM ET

Duff Martin 4

Research Summary

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YETI SVP Duff Martin Receives RSU Award; Shares Withheld for Taxes

What Happened

  • Duff Martin, SVP, Supply Chain & Operations at YETI Holdings (YETI), had restricted stock units (RSUs) vest on Feb 20, 2026. He was credited with two awards totaling 27,655 shares (16,644 + 11,011) at $0.00 (award/vesting).
  • To satisfy tax withholding obligations, 7,357 shares were withheld/disposed at an indicated price of $47.68 per share, generating proceeds of $350,782. Net shares delivered to Martin after withholding were 20,298.
  • This was not a market purchase or sale for investment purposes but a compensation/vesting event tied to previously granted RSUs.

Key Details

  • Transaction date: Feb 20, 2026; Form 4 filed Feb 24, 2026 (timely filing).
  • Awarded shares: 16,644 and 11,011 (total 27,655) reported as "A" (award/acquisition) at $0.00.
  • Shares withheld for taxes: 7,357 shares (reported as "F") at $47.68, proceeds $350,782.
  • Net shares retained by insider after withholding: 20,298 (27,655 − 7,357).
  • Footnotes:
    • F1: These shares came from RSUs granted on Feb 24, 2023; vesting was contingent on multi-year performance metrics that the Compensation Committee certified as achieved.
    • F2: The 7,357-share disposition represents shares withheld to satisfy tax withholding obligations (a common "sell-to-cover" for RSU vesting).
    • F3: Some RSUs remain subject to future vesting (one‑third on Feb 20, 2027 and one‑sixth on each of the next four six‑month anniversaries).
    • F4: The filing references 22,488 shares underlying RSUs that will be settled one‑for‑one in shares when payable.
  • Shares owned after the transaction: not specified in this filing.

Context

  • This is a routine compensation event (vesting of performance-based RSUs) rather than an open-market purchase or discretionary sale; shares withheld for taxes are a standard administrative step and do not necessarily indicate insider sentiment.
  • Because the award was performance-based and certified by the Compensation Committee, the issuance reflects achievement of previously established company performance goals.