Envista Holdings Corp·4

Feb 27, 4:19 PM ET

Hammes Eric D. 4

Research Summary

AI-generated summary

Updated

Envista (NVST) CFO Eric D. Hammes Receives Awards, Sells 2,045 Shares

What Happened

  • Eric D. Hammes, Chief Financial Officer of Envista Holdings Corp (NVST), had 2,045 shares withheld to satisfy tax withholding on vested RSUs (disposed at $29.59 each, total $60,512). On the same date he was granted a mix of equity awards totaling 83,320 units: 16,055 RSUs, 29,225 performance share units (PSUs, reported at target), and 38,040 stock options. The withheld shares were a tax-withholding action (not an open-market sale); the other items are compensation grants.

Key Details

  • Transaction date: 2026-02-25 (Form 4 filed 2026-02-27; filing appears timely).
  • Withheld shares disposed: 2,045 @ $29.59 = $60,512 (footnote F1: shares withheld to satisfy tax obligations).
  • Grants/acquisitions reported: 16,055 RSUs (F2), 29,225 PSUs at target (F3), 38,040 options (F4). Total units = 83,320.
  • Price reported for awards: $0.00 (standard for grants/awards on Form 4).
  • Shares owned after transaction: not specified in the provided summary of the filing.
  • Footnote highlights:
    • F2: RSUs vest ratably over 3 years, 1-for-1 conversion to shares.
    • F3: PSUs vest based on 3-year performance; payout may be 0%-200% of target.
    • F4: Options vest ratably over 3 years, subject to service.
    • F1: Tax withholding via share surrender (code F).

Context

  • The 2,045-share disposition was a tax-withholding action (common and routine) rather than an opportunistic sale; it does not necessarily signal a change in sentiment. The larger items are compensation grants: RSUs and options vest over time (service-based) and PSUs are performance-contingent, so their ultimate share delivery could differ from the target published here.