Lowery Frederick M. 4
Research Summary
AI-generated summary
Henry Schein (HSIC) CEO Frederick Lowery Receives Restricted Stock Awards
What Happened
Frederick M. Lowery, CEO and a director of Henry Schein, was granted a total of 241,549 restricted stock awards on March 6, 2026: 64,433 shares (time-based RSUs) and 177,116 derivative awards (performance-based PSUs), each shown at $0.00 per share (grant value reported as $0). These awards were granted under the Issuer’s 2024 Stock Incentive Plan as compensation — not an open-market buy or sell.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (file date is 4 days after the transaction date).
- Prices: both grants reported at $0.00 (typical for stock awards at grant).
- Total shares granted: 241,549 (64,433 + 177,116).
- Shares owned after the transaction: not specified in the provided excerpt of the filing. Check the full EDGAR filing for the “Amount Owned Following Reported Transaction” field.
- Footnotes of note:
- F1: The grant consists of restricted stock units under the 2024 Stock Incentive Plan — 50% are performance stock units (PSUs) that generally vest on the third anniversary subject to specified performance goals (payout scales 0%–200%); 50% are time-based RSUs that vest ratably over the first four anniversaries, all subject to continued service.
- F2: Acquisition pursuant to the 2024 Stock Incentive Plan.
- F3: Describes option vesting rules but does not appear to apply to this specific grant in this filing.
- Filing timeliness: Form 4 was submitted 4 days after the grants; Form 4s are normally due within two business days of the transaction—review the EDGAR filing or issuer disclosure for any timeliness/late-filing notice.
Context
These are compensation awards (time- and performance-based RSUs/PSUs). They do not involve an out‑of‑pocket purchase by the insider and are different from open-market purchases or option exercises. PSUs are performance-contingent and may pay out between 0% and 200% depending on the company’s achievement of the specified goals; RSUs vest subject to continued service.