FULLER GILBERT A 4
Research Summary
AI-generated summary
USANA (USNA) Director Gilbert Fuller Converts 1,058 RSUs; Shares Withheld
What Happened
- Gilbert A. Fuller, a director of USANA Health Sciences (USNA), had 1,058 restricted stock units (RSUs) convert into 1,058 shares on January 22, 2026. The filing shows an acquisition via derivative conversion and a simultaneous disposition of the same 1,058 shares at $0.00, indicating the shares were withheld to satisfy tax withholding obligations. No cash proceeds were reported.
Key Details
- Transaction date: 2026-01-22 (reported on Form 4 filed 2026-01-26; filing appears timely).
- Transaction type/code: M — exercise/conversion of derivative (RSU conversion to shares).
- Shares converted: 1,058 RSUs → 1,058 common shares.
- Shares disposed/withheld: 1,058 shares at $0.00 (used to satisfy tax withholding).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 clarifies each RSU equals one share; F2 shows these RSUs vest on a schedule including Jan 22, 2026 (25% vesting on each listed date).
Context
- This was a scheduled RSU vesting and conversion, not an open-market purchase or sale. The withheld shares are a routine tax-withholding action and do not necessarily signal a buy/sell sentiment by the insider.
- For retail investors, conversions where shares are immediately withheld for taxes are common and typically administrative rather than predictive of company performance.