STAAR (STAA) CFO Deborah Andrews Exercises PSUs, Receives Awards

What Happened Deborah J. Andrews, Chief Financial Officer of STAAR Surgical Company (STAA), had a PSU settlement and multiple equity grants reported. A tranche of 5,233 performance stock units (PSUs) settled (acquiring 5,233 shares), of which 2,662 shares were withheld to cover taxes (disposition at $26.18/share for $69,691). On August 14, 2026 she was also granted equity awards: 4,975 restricted stock units (RSUs), an option to purchase 8,952 shares, and a performance option covering 29,159 shares (all subject to vesting/ performance conditions). The transactions are primarily awards/settlements (not an open-market sale).

Key Details

• Transaction dates: primary reporting date August 14, 2026; Form 4 filed August 18, 2026 (timely within the 2-business-day rule).
• PSU settlement: 5,233 shares acquired; 2,662 shares withheld for taxes at $26.18 = $69,691 (code F = tax withholding).
• Grants on Aug 14, 2026:
  • 4,975 RSUs (each converts to one share upon vesting; vesting: 1/3 after 1 year, then monthly over 24 months).
  • Option to purchase 8,952 shares (vests over 3 years: 1/3 after 1 year, then monthly).
  • Performance option for 29,159 shares (time-vesting plus performance hurdles; vesting subject to stock-price hurdles of $50, $75 and $100 and time vesting schedule).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes of note:
  • The 5,233-share settlement reflects the third tranche of her 2025 PSU new-hire grant and was certified by the Compensation Committee (original grant previously exempt under Rule 16b-3(d)).
  • RSUs/options vest over time; performance option requires both time and achieving stock-price hurdles.
• Filing timeliness: Filed Aug 18, 2026 for Aug 14 transactions — within Form 4’s two-business-day deadline.

Context

• The PSU settlement included share withholding to cover tax liability (common practice); this withholding is coded as a disposition (F) and is not an open-market sale. The new RSUs and options are time- and/or performance-vesting awards and do not represent immediate share purchases. As always, awards and withholdings are routine compensation-related transactions and do not, by themselves, indicate the insider’s market view.