LAZARUS STEPHEN 4
4 · ONESPAWORLD HOLDINGS Ltd · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
ONESPAWORLD (OSW) President Stephen Lazarus Sells Shares
What Happened Stephen Lazarus, President, CFO and COO of ONESPAWORLD (OSW), reported two actions: a grant of 35,026 Performance Stock Units (PSUs) on Feb 11, 2026, and the sale/disposition of 59,412 shares on Feb 13, 2026. The sale generated approximately $1,342,117 at a reported weighted-average price of $22.59 per share (actual sell prices ranged $22.01–$22.96). The PSU grant is a contingent award (no cash paid).
Key Details
- Transaction dates: PSU grant 2026-02-11; share disposition 2026-02-13. Filing date: 2026-02-13 (timely).
- Sale details: 59,412 shares sold; weighted-average price $22.59; total proceeds ~$1.34M; individual trade prices ranged $22.01–$22.96.
- Award details: 35,026 PSUs granted (each PSU = contingent right to receive one common share at vesting).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: PSUs vesting terms — one-third settled immediately in shares; remaining two-thirds to be settled in two equal installments on Dec 2, 2026 and Dec 2, 2027, subject to continued service.
- F2: Some shares were mandatorily sold in a broker-assisted cashless program to satisfy tax withholding upon vesting of RSUs/PSUs.
- F3: Reported price is a weighted average; the reporter can provide a breakdown of shares sold at each price within the $22.01–$22.96 range upon request.
Context The grant is a contingent equity award (PSUs) that vests over time and is commonly used for executive compensation. The sale included shares sold to cover tax-withholding obligations (a routine, non-speculative administrative sale) and also covered shares from prior RSU vesting. These types of withholding-driven disposals are common and do not necessarily signal insider sentiment.
Insider Transaction Report
- Award
Common Shares
[F1]2026-02-11+35,026→ 450,477 total - Other
Common Shares
[F2][F3]2026-02-13$22.59/sh−59,412$1,342,117→ 391,065 total
Footnotes (3)
- [F1]Each Performance Stock Unit ("PSU") represents a contingent right to receive, at vesting, one common share. Upon satisfaction of performance conditions with respect to PSUs, one-third immediately settled in common shares and the remaining two-thirds will settle in two equal installments on each of December 2, 2026 and December 2, 2027, subject to continued service through such dates.
- [F2]Represents shares mandatorily sold, pursuant to the terms of the grant, in a broker assisted cashless exercise program arranged by the Issuer to satisfy tax withholding obligations upon the receipt of common shares in connection with the vesting and settlement of RSUs and PSUs.
- [F3]The price reported is a weighted average price. These shares, which include 59,412 shares sold in connection with a prior vesting of RSUs, were sold in multiple transactions at prices ranging from $22.01 to $22.96. The Reporting Person undertakes to provide to the Issuer, any security holders of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within this range.