Envista Holdings Corp·4

Feb 3, 9:04 PM ET

Hammes Eric D. 4

Research Summary

AI-generated summary

Updated

Envista (NVST) CFO Eric Hammes Receives 1,119-Share Award

What Happened
Eric D. Hammes, Chief Financial Officer of Envista Holdings Corp (NVST), was granted 1,119 unfunded, notional shares as an award on February 1, 2026. The notional shares are reported at $23.47 each, for a notional value of $26,263. This was an award/compensation grant (derivative), not an open-market purchase or sale.

Key Details

  • Transaction date and price: 2026-02-01; 1,119 notional shares @ $23.47 = $26,263 (reported as a derivative acquisition/award).
  • Shares owned after transaction: Not reported on the Form 4.
  • Footnotes / notable mechanics:
    • F1: The notional shares convert on a one-for-one basis to actual shares (one-for-one conversion).
    • F2–F4: These notional shares reflect Envista’s Excess Contribution Program (ECP) company contribution to the ECP Stock Fund; contributions are converted into notional shares using the NYSE closing price at the end of January. Vesting rules apply (matching contributions vest after one year; certain non‑elective contributions vest after the later of one year or three years of service).
  • Filing timeliness: Form 4 filed 2026-02-03 for a 2026-02-01 transaction — filed within the standard Form 4 reporting window (not indicated as late).

Context
This was a compensation award reported as an unfunded, notional share grant tied to Envista’s deferred compensation/ECP arrangements, not a market purchase. Such awards are common components of executive pay and are governed by vesting and conversion rules described in the filing; they should not be interpreted as an immediate buy/sell signal.