Maher Michael W 4
Research Summary
AI-generated summary
Savers Value Village CFO Michael Maher Converts RSUs, Surrenders Shares
What Happened
- Michael W. Maher, CFO and Treasurer of Savers Value Village, converted 7,257 restricted stock units (RSUs) into common shares (exercise/conversion code M) on 2026-06-05. Those conversions show a $0.00 exercise price (RSUs convert one-for-one).
- To satisfy tax-withholding obligations from the vesting, Maher surrendered 1,768 shares (code F) at $9.14 per share, totaling $16,160. The RSU conversion and the share surrender occurred the same day.
Key Details
- Transaction date: June 5, 2026; Form 4 filed June 8, 2026.
- Conversions: 7,257 RSUs converted into shares at $0.00 (code M).
- Tax withholding: 1,768 shares surrendered at $9.14 each for $16,160 (code F).
- Shares owned after transaction: not specified in the supplied filing summary.
- Footnotes: RSUs were granted June 5, 2024 and convert one-for-one to common stock (F1, F3). Units surrendered to satisfy tax withholding upon vesting (F2). Awards were granted under the Omnibus Incentive Plan and vest in ~one-third increments on June 5 of 2025, 2026 and 2027 (F4).
- No late-filing flag was provided in the summary supplied.
Context
- This was an RSU vesting and withholding transaction, not an open-market sale or a cash purchase. Surrendering shares to cover taxes is a routine administrative action and does not necessarily signal buying or selling intent by the insider.
- The $0 exercise price and footnotes confirm these were RSUs (a conditional grant that converted to stock upon vesting), and the surrendered shares simply satisfied tax obligations.