STAA Chief Development Officer Magda Michna Receives 6,599 Shares From PSU Vesting

What Happened

• Magda Michna, Chief Development Officer of STAAR SURGICAL CO (STAA), had performance stock units (PSUs) vest on August 14, 2026 and received a total of 6,599 shares from those vested awards. Of those, 3,356 shares were withheld to satisfy tax withholding obligations (reported as dispositions), leaving a net addition of approximately 3,243 shares to her holdings.
• The filing values use $26.18 per share: the shares withheld to cover taxes were reported as 3,356 shares disposed for a total of $87,860, and the net shares received are worth about $84,902 (3,243 × $26.18). The PSU settlements were certified by the Compensation Committee and were performance-based awards.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed within the required window).
• Shares vested/converted: 6,599 PSUs settled into common shares (5,499 from annual equity grant; 1,100 from promotion-related grant).
• Tax withholding: 3,356 shares withheld (2,797 + 559) valued at $87,860 (reported as F-code dispositions).
• Net shares added to her position: ~3,243 shares (6,599 gross − 3,356 withheld), net value ≈ $84,902 at $26.18/share.
• Notable footnotes: prior Form 4 filings had clerical errors in reported beneficial ownership and were corrected in this filing; the original PSU grants were exempt under Rule 16b‑3(d) and not previously reported.
• Filing timeliness: Filed Aug 18 for Aug 14 transactions — within the typical 2-business-day Form 4 window.

Context

• These transactions are settlements of vested performance awards (PSUs), not open-market buys or sales based on discretionary trading. The withholding of shares to cover taxes is routine and reported as a disposition (F code). Because the activity reflects award settlement rather than a purchase, it should be viewed as compensation realization rather than an independent bullish purchase signal.