FAHS L READE 4
4 · National Vision Holdings, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
National Vision (EYE) Exec Chair Fahs L. Reade Sells Shares
What Happened
Fahs L. Reade, Executive Chairman and director of National Vision Holdings (EYE), had one-third of a prior RSU grant vest on March 6, 2026 (54,824 shares). Those RSUs converted to common stock, 24,419 shares were withheld to cover taxes (valued at $27.90 each, $681,290), and he sold 7,601 shares at a weighted average of $29.58 ($224,838) and 4,071 shares at a weighted average of $29.57 ($120,379). Total proceeds recorded from the withholding and open-market sales are about $1.03 million. After the withholding and sales, he retained roughly 18,733 shares from this vesting. The Form 4 also reports an additional award/derivative entry of 71,685 shares (recorded as an acquisition of derivative securities).
Key Details
- Transaction date: March 6, 2026.
- Vesting/conversion: 54,824 RSUs converted to 54,824 common shares (one-for-one per footnote).
- Tax withholding (code F): 24,419 shares withheld at $27.90 = $681,290.
- Open-market sales (code S): 7,601 shares @ $29.58 (WA) = $224,838; 4,071 shares @ $29.57 (WA) = $120,379. Prices sold in multiple trades (ranges ~ $29.50–$29.71 per footnotes).
- Net retained from this vesting: ~18,733 shares (54,824 − 24,419 − 11,672).
- Additional entry: grant/award (A) of 71,685 derivative shares noted on the Form.
- Notable footnotes: sale of 7,601 shares executed under a Rule 10b5-1 trading plan established Dec 4, 2025; withholding was used to satisfy tax liability on vesting; original RSU grant was 164,474 RSUs on Mar 7, 2025 vesting in three equal installments (one-third vested Mar 6, 2026).
- Filing: Form 4 filed 2026-03-09 reporting 2026-03-06 activity (appears timely).
Context
This is largely a routine RSU vesting and liquidity event: RSUs converted to shares, some shares were withheld for taxes and others sold (including under a pre-established 10b5-1 plan). Such sales commonly reflect tax withholding and planned liquidity rather than a standalone bearish signal. For derivative entries: the M/A codes reflect conversion/vesting of RSUs (not option purchases); F indicates shares used to pay tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-06+54,824→ 726,900 total - Tax Payment
Common Stock
[F2]2026-03-06$27.90/sh−24,419$681,290→ 702,481 total - Sale
Common Stock
[F3][F4]2026-03-06$29.58/sh−7,601$224,838→ 694,880 total - Sale
Common Stock
[F3][F5]2026-03-06$29.57/sh−4,071$120,379→ 359,359 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-06−54,824→ 137,971 total→ Common Stock (54,824 underlying) - Award
Restricted Stock Units
[F1][F7]2026-03-06+71,685→ 209,656 total→ Common Stock (71,685 underlying)
Footnotes (7)
- [F1]Each restricted stock unit converts into common stock on a one-for-one basis.
- [F2]Reflects payment of tax liability by withholding securities incident to vesting of restricted stock units.
- [F3]This sale was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on December 4, 2025.
- [F4]Price represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $29.50 to $29.71. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- [F5]Price represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $29.50 to $29.70. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- [F6]On March 7, 2025, the reporting person was granted 164,474 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
- [F7]One-third of these restricted stock units will vest on each anniversary of the grant date, March 6, 2026.