Michna Magda 4
4 · STAAR SURGICAL CO · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
STAAR Surgical CDO Magda Michna Receives PSUs; Shares Withheld for Taxes
What Happened
- Magda Michna, Chief Development Officer of STAAR SURGICAL CO (STAA), had performance stock units (PSUs) settle on May 15, 2026. A total of 19,795 shares were issued to her across four PSU tranches (10,997; 5,499; 2,199; 1,100). These were recorded as award settlements (derivative conversions) at $0 per share.
- To satisfy tax withholding obligations, 9,703 of those shares were withheld/disposed (5,595; 2,431; 1,118; 559) at $32.07 per share, generating approximately $311,175 in withholding proceeds. These were routine tax-withholding dispositions rather than open-market sales.
Key Details
- Transaction date: May 15, 2026. Filing date: May 19, 2026 (filed 4 days after the transactions; Form 4 is normally due within two business days — appears late).
- Awards settled (acquired): 19,795 shares (PSU settlements; codes A and M), at $0 per share.
- Shares withheld/disposed for taxes (code F): 9,703 shares at $32.07 each; total proceeds ≈ $311,175.
- Shares owned after transaction: not disclosed in the provided filing details.
- Notable footnotes: PSUs were granted under the Issuer’s 2025 PSU Program and vested/settled after Compensation Committee certification based on trailing four-quarter revenue performance. The PSU program can pay 0–200% of target and is structured in five tranches with performance measured through fiscal 2027 (if targets not met by end of FY2027, PSUs are forfeited).
- Transaction codes explained: A = Award/Grant, M = Exercise/conversion of derivative (PSU settlement), F = Payment of tax liability via share withholding.
Context
- These transactions reflect settled performance awards and routine tax-withholding, not an intentional market sale by the insider to monetize gains. PSUs converted into common shares (one share per PSU) upon certification of performance; a portion was retained by the company to cover taxes.
Insider Transaction Report
Form 4
Michna Magda
Chief Development Officer
Transactions
- Award
Common Stock
2026-05-15+10,997→ 43,688 total - Tax Payment
Common Stock
[F1]2026-05-15$32.07/sh−5,595$179,432→ 38,093 total - Award
Common Stock
2026-05-15+5,499→ 43,592 total - Tax Payment
Common Stock
[F2]2026-05-15$32.07/sh−2,431$77,962→ 41,161 total - Award
Common Stock
2026-05-15+2,199→ 43,360 total - Tax Payment
Common Stock
[F3]2026-05-15$32.07/sh−1,118$35,854→ 42,242 total - Award
Common Stock
2026-05-15+1,100→ 43,342 total - Tax Payment
Common Stock
[F4]2026-05-15$32.07/sh−559$17,927→ 42,783 total - Exercise/Conversion
Performance Stock Units
[F5]2026-05-15+10,997→ 10,997 totalExercise: $0.00Exp: 2027-12-31→ Common Stock (10,997 underlying) - Exercise/Conversion
Performance Stock Units
[F6]2026-05-15+5,499→ 16,496 totalExercise: $0.00Exp: 2027-12-31→ Common Stock (5,499 underlying) - Exercise/Conversion
Performance Stock Units
[F7]2026-05-15+2,199→ 18,695 totalExercise: $0.00Exp: 2027-12-31→ Common Stock (2,199 underlying) - Exercise/Conversion
Performance Stock Units
[F8]2026-05-15+1,100→ 19,795 totalExercise: $0.00Exp: 2027-12-31→ Common Stock (1,100 underlying)
Footnotes (8)
- [F1]On May 15, 2026, the first tranche of 10,997 performance stock units ("PSUs") awarded to the Reporting Person under the Issuer's 2025 Performance Stock Unit Award Program ("2025 PSU Program") in connection with her annual equity grant vested, of which 5,595 shares were withheld to satisfy taxes .
- [F2]On May 15, 2026, the second tranche of 5,499 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her annual equity grant vested, of which 2,431 shares were withheld to satisfy taxes.
- [F3]On May 15, 2026, the first tranche of 2,199 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her promtion to Chief Development Officer vested, of which 1,118 shares were withheld to satisfy taxes.
- [F4]On May 15, 2026, the second tranche of 1,100 PSUs awarded to the Reporting Person under the 2025 PSU Program in connection with her promtion to Chief Development Officer vested, of which 599 shares were withheld to satisfy taxes.
- [F5]Represents the settlement of the first tranche of performance stock units awarded to the Reporting Person in connection with her annual equity grant under the 2025 PSU Program. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported.
- [F6]Represents the settlement of the second tranche of performance stock units awarded to the Reporting Person in connection with her annual equity grant under the 2025 PSU Program. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported.
- [F7]Represents the settlement of the first tranche of performance stock units awarded under the 2025 PSU Program to the Reporting Person in connection with her promtion to Chief Development Officer. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported.
- [F8]Represents the settlement of the second tranche of performance stock units awarded under the 2025 PSU Program to the Reporting Person in connection with her promtion to Chief Development Officer. The number of shares earned was determined upon certification by the Compensation Committee based on achievement of applicable performance goals. The original grant was exempt pursuant to Rule 16b-3(d) and was not previously reported.
Signature
/s/ Magda Michna|2026-05-19