FAHS L READE 4

What Happened
FAHS L. Reade, Executive Chairman and Director of National Vision (EYE), had 28,321 restricted stock units (RSUs) convert into common stock on February 27, 2026. Of those shares, 12,708 were withheld to satisfy tax withholding obligations at $26.97 per share, totaling $342,735. After withholding, Reade received a net 15,613 shares (28,321 converted minus 12,708 withheld). The conversion is reported as a derivative/option exercise event (code M) and the withholding as a tax payment/disposition (code F).

Key Details

• Transaction date: February 27, 2026. Filing date: March 2, 2026 (filed within the typical two-business-day Form 4 window).
• Conversion: 28,321 RSUs converted to 28,321 common shares (one-for-one per footnote).
• Withholding: 12,708 shares withheld at $26.97/share = $342,735 to cover taxes (footnote: tax withholding incident to vesting).
• Net newly acquired shares: 15,613.
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F2: Withholding of securities to pay tax liability on vesting.
  • F3: The RSUs came from a March 1, 2024 grant of 84,962 RSUs vesting in three equal installments (this transaction equals one installment of ~28,321).
• Shares owned after the transaction are not specified in the excerpt of the filing — see the full Form 4 for holdings after the event.

Context
This was not an open-market sale; it was an automatic withholding of shares to cover taxes when RSUs vested — a common, routine action that does not necessarily signal a change in insider sentiment. The filing shows a RSU conversion (derivative exercise) and withholding for taxes rather than any discretionary sale (transaction codes: M = exercise/conversion, F = tax withholding).