Ettinger Michael S 4
Research Summary
AI-generated summary
Henry Schein (HSIC) COO Michael Ettinger Withholds Shares for Taxes
What Happened
- Michael S. Ettinger, COO of Henry Schein (HSIC), had performance-based restricted stock/units vest effective Feb 27, 2026 (original vest date Mar 1, 2026 fell on a non-business day). To satisfy withholding, 914 shares were surrendered (code F) at $82.39 per share for a reported value of $75,304.
- The filing also shows a disposition to the issuer of 9,047 shares (code D) reported at $0.00; these are reported as equivalent shares held in the Henry Schein 401(k) unitized stock fund. Based on the $82.39 closing price, those 9,047 equivalent shares would be roughly $745k in value (reported as plan/unit interest, not a cash sale).
Key Details
- Transaction date: 2026-02-27 (vesting occurred the preceding business day because Mar 1 was non-business day)
- Reported filings date: 2026-03-03 (filed timely)
- Transactions reported: 914 shares surrendered for tax withholding (F) at $82.39 — $75,304; 9,047 shares disposition to issuer (D) reported at $0 (equivalent shares in 401(k) per footnote)
- Shares owned after transaction: Not disclosed in the excerpt of the filing
- Footnotes: F1 — surrender to satisfy tax withholding on vesting of Mar 1, 2023 grant; F2 — 9,047 figure reflects equivalent shares in the Plan’s unitized stock fund (calculated using the Feb 27 close)
- Filing timeliness: No late filing indicated (filed within required reporting window)
Context
- This was a routine tax-withholding/net-settlement event tied to RSU vesting, not an open-market sale. Such share surrenders are common when restricted stock/units vest and do not necessarily signal a change in insider sentiment.