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4Filed Jul 13, 8:00 PM ET

Korn Ferry (KFY) CEO Gary Burnison Receives Awards, Sells Shares for Taxes

$KFY · KORN FERRY
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Korn Ferry (KFY) CEO Gary Burnison Receives Awards, Sells Shares for Taxes

What Happened

  • Gary D. Burnison, CEO and Director of Korn Ferry (KFY), received two equity awards totaling 227,210 shares (75,200 on 2026-07-10 and 152,010 on 2026-07-13). These awards were reported as acquisitions at $0.00 (grants/settlement).
  • On July 13, 2026, 108,770 shares were reduced/withheld to satisfy tax withholding obligations: 77,343 shares disposed at $75.39 for $5,830,889 and 31,427 shares disposed at $75.39 for $2,369,282 (combined value ≈ $8,200,171). These were tax-withholding share reductions, not open-market discretionary sales.

Key Details

  • Transaction dates/prices: Grants on 2026-07-10 (75,200 shares) and 2026-07-13 (152,010 shares); withholding reductions on 2026-07-13 at $75.39 per share.
  • Shares involved: 227,210 shares granted; 108,770 shares withheld/disposed to cover taxes.
  • Report filing: Form 4 filed 2026-07-14 — appears timely relative to the July transactions.
  • Notable footnotes:
    • F1: Some granted restricted stock vests in four equal annual installments beginning July 10, 2027.
    • F2: A grant was issued as compensation for services.
    • F3: The 152,010 shares were acquired upon settlement of Relative TSR performance units (granted 7/11/2023) after performance criteria were met.
    • F4 & F5: The two disposals represent share reductions to satisfy issuer tax withholding for (a) the settlement of the 152,010 Relative TSR units and (b) the vesting of 61,762 restricted shares, respectively.
  • Shares owned after transaction: Not specified in the filing excerpt.

Context

  • These transactions are award/settlement events (code A) with tax-withholding reductions (code F). The withheld/disposed shares were used to satisfy tax obligations tied to award settlement and vesting — a routine administrative step, not necessarily a voluntary open-market sale signaling a change in sentiment.
  • The 152,010 shares resulted from performance-based Relative TSR units; the 75,200 share grant appears to be standard restricted stock compensation.