Stride (LRN) EVP McMullen Greerson Greene Receives Restricted Stock Award

What Happened
McMullen Greerson Greene, Executive Vice President and General Counsel of Stride, received two awards on August 7, 2026: 9,090 restricted shares (grant A) and 2,651 restricted stock rights (derivative award, reported at the threshold). Both awards were reported with an acquisition price of $0.00. On August 8, 2026, 81 shares were withheld/disposed to satisfy tax withholding obligations at $82.51 per share, totaling $6,683.

Key Details

• Transaction dates: grants on 2026-08-07; tax withholding disposition on 2026-08-08; Form 4 filed 2026-08-11.
• Grant amounts: 9,090 restricted shares (A) and 2,651 contingent restricted stock rights (A, derivative). Reported acquisition price: $0.00.
• Tax withholding: 81 shares withheld at $82.51 = $6,683 (code F). This represents shares withheld by the issuer to cover the executive’s withholding tax.
• Vesting / conditions:
  • Footnote: restricted shares vest semi‑annually with 20% vesting in year one and 40% in each of years two and three from grant date.
  • The 2,651 award is a contingent restricted stock right that vests based on achieving certain compound annual growth rates in Stride’s stock price through Sept 15, 2029 (the filing reports the threshold amount).
• Shares owned after the transactions: not specified in the provided Form 4 details.

Context
These entries are awards (not open‑market purchases or sales). Grants and contingent rights are routine compensation for executives and do not, by themselves, indicate a buy or sell signal. The small disposition (81 shares) was solely to satisfy tax withholding upon vesting, a common administrative step after equity awards.