Keel Paul A 4
Research Summary
AI-generated summary
Envista (NVST) CEO Paul A. Keel Receives 4,091 Notional Shares
What Happened
- Paul A. Keel, CEO of Envista Holdings Corp (NVST), was granted an award of 4,091 unfunded, notional shares on February 1, 2026. The filing values the award at $23.47 per share for a total notional value of $96,016. This is a company contribution to the Envista Excess Contribution Program (ECP), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-01; reported on Form 4 filed 2026-02-03 (timely filing).
- Amount: 4,091 notional shares at $23.47 each; total notional value $96,016.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: (1) Notional shares convert one-for-one to actual shares; (2–4) award represents the Company’s annual contribution to the ECP stock fund, calculated by dividing the contribution by the closing NYSE price on the last day of January; vesting rules apply (matching contributions vest after one year; non‑elective contributions vest after one year or after three years of service, whichever is later).
Context
- These are unfunded, notional units held in a deferred compensation stock fund (ECP), effectively bookkeeping units that mirror Envista common stock value and are subject to vesting — not immediate share ownership or a cashless exercise/sale. Such company contributions are customary compensation/benefit actions and do not by themselves indicate the CEO buying or selling stock in the open market.