Hammes Eric D. 4
Research Summary
AI-generated summary
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.