Harnett Samantha 4
Research Summary
AI-generated summary
LOGI Chief Legal Officer Samantha Harnett Receives 47,153 Shares
What Happened
Samantha Harnett, Chief Legal Officer of Logitech International S.A. (LOGI), received 47,153 shares on 2026-05-15 upon the vesting of performance share units (PSUs). Per the Form 4, 23,348 of those shares were surrendered to the company to satisfy tax withholding obligations at $102.99 per share (disposed value $2,404,611), leaving a net 23,805 shares issued to her. The award is reported as an acquisition (A) and the withholding as a tax disposition (F).
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely filing).
- Award: 47,153 shares reported at $0.00 (PSU vesting).
- Tax withholding: 23,348 shares disposed at $102.99, total $2,404,611.
- Net shares retained after withholding: 23,805 (47,153 − 23,348).
- Shares owned after transaction: not specified in the filing.
- Footnotes: (F1) PSU vesting amount was determined by three-year performance metrics (avg. revenue growth in constant currency, non‑GAAP operating income, and TSR vs. Russell 3000 for Apr 1, 2023–Mar 31, 2026). (F2) The 23,348‑share disposition was an exempt transfer to the issuer under Rule 16b‑3(e) to satisfy tax withholding.
Context
This was a compensation-related vesting (award) event, not an open-market purchase or discretionary sale. Surrendering shares for tax withholding is routine following equity award vesting and does not, by itself, signal the insider's view on the company's stock.