Benton Ryan A 4
4 · Enovix Corp · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CFO Ryan A. Benton Receives RSU Award; Shares Withheld
What Happened
Ryan A. Benton, Chief Financial Officer of Enovix (ENVX), received a fully vested restricted stock unit (RSU) award of 5,103 shares on May 29, 2026 (reported on Form 4 filed June 2). To satisfy tax withholding obligations, 2,703 shares were withheld (disposed) at a reported value of $7.98 per share, totaling approximately $21,570. Net of withholding, Benton received 2,400 shares from the award. This was a compensation award (not an open-market purchase or discretionary sale).
Key Details
- Transaction date: May 29, 2026; Form 4 filed: June 2, 2026 (timely filing).
- Award: 5,103 shares acquired (code A) at $0.00 (RSU vesting).
- Withholding: 2,703 shares withheld for taxes (code F) at $7.98/share = $21,570.
- Net issued to insider: 2,400 shares after withholding.
- Footnotes: F1 confirms the shares were issued upon receipt of a fully vested RSU award (quarter bonus). F2 notes 848,005 shares are issuable upon vesting/settlement of RSUs granted to the reporting person. F3 documents the withholding to satisfy tax obligations.
- Filing timeliness: Filed within the SEC’s Form 4 deadline (not marked late).
Context
This was a routine equity compensation event: RSUs vested as a bonus and shares were withheld to cover taxes (a common cashless withholding method). Such withholding is administrative and does not signal a discretionary sale or open-market trading decision by the insider.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-29+5,103→ 928,071 total - Tax Payment
Common Stock
[F3][F2]2026-05-29$7.98/sh−2,703$21,570→ 925,368 total
Footnotes (3)
- [F1]Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026.
- [F2]Includes 848,005 shares issuable upon vesting and settlement of RSUs granted to the Reporting Person.
- [F3]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.