Reintjes Matthew J 4
Research Summary
AI-generated summary
YETI CEO Matthew J. Reintjes Receives RSU Award
What Happened
- Matthew J. Reintjes, President & CEO and a director of YETI Holdings (YETI), received awards/settlement of restricted stock units (RSUs) on Feb 20, 2026 totaling 351,506 shares (three award entries: 160,448; 160,448; 30,610) reported as acquisitions at $0.00 per share.
- To satisfy tax withholding related to the vesting, 126,274 shares (two withholding entries of 63,137 shares each) were withheld/disposed at $47.68 per share, with each withholding entry reported as $3,010,372 (combined withholding value ≈ $6,020,744).
Key Details
- Transaction date: Feb 20, 2026; Form 4 filed Feb 24, 2026 (within the required two-business-day filing window).
- Award/Acquisition entries: 160,448; 160,448; 30,610 shares at $0.00 (RSU settlement).
- Tax-withholding disposals: 63,137 and 63,137 shares at $47.68 each (total ≈ $6.02M).
- Shares owned after the transaction: not disclosed in this filing.
- Notable footnotes:
- F1: Some shares represent RSUs from a Feb 24, 2023 performance-based award whose performance targets were certified.
- F2: Shares were withheld by the issuer to satisfy tax withholding on vesting.
- F3: Certain RSUs have future vesting schedule (e.g., one-third vests Feb 20, 2027, then additional six-month tranches).
- F4: Includes 94,928 shares underlying RSUs to be settled one-for-one upon payout.
- F5: Some shares are held in a Spousal Lifetime Access Trust (SLAT); the reporting person disclaims beneficial ownership of SLAT-held shares.
Context
- This filing reflects RSU vesting and share withholding for taxes (a common, non-market sale method of satisfying tax obligations). It is not an open-market sale or a purchase.
- Performance-based and time‑vesting RSUs are being settled; some RSUs remain subject to future vesting schedules per the footnotes.
- The transactions reported do not by themselves indicate insider sentiment; they document compensation settlement and tax withholding.