Reis Mischa 4
4 · Envista Holdings Corp · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Envista (NVST) SVP Mischa Reis Receives Awards; Withholds 2,976 Shares
What Happened
Mischa Reis, SVP, Strategy & Business Development at Envista (NVST), received equity awards and had shares withheld to cover taxes. On 2026-02-25 Reis was granted 5,915 restricted stock units (RSUs), 10,770 performance share units (PSUs) at target, and 14,020 option-related derivative units — a total of 30,705 award units. Concurrently, 2,976 shares were disposed (withheld) to satisfy tax withholding at a reported price of $29.59 per share, representing proceeds of approximately $88,060. The awards were reported as grant/acquisition transactions (code A) and the withholding as a tax-withholding disposal (code F).
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (filed two days after the transactions).
- Withheld/disposed: 2,976 shares at $29.59 = ~$88,060 (tax withholding).
- Awards granted (all reported as $0 acquisition price on grant): 5,915 RSUs; 10,770 PSUs (reported at target); 14,020 option-derivative units. Total awarded units = 30,705.
- Shares owned after the transactions: Not stated in the filing.
- Relevant footnotes from the filing: F1 = shares withheld to satisfy tax on RSU vesting; F2 = RSUs vest ratably over 3 years (1-for-1 share conversion); F3 = PSUs vest based on 3-year performance (payout 0%–200% of target); F4 = option will vest ratably over 3 years.
- Filing timeliness: Report appears timely (filed two days after the transaction).
Context
- The 2,976-share disposal was a tax withholding event (common when RSUs vest), not an open-market sale indicating a directional bet.
- PSUs are performance-contingent — the reported PSU amount is "at target" and actual shares paid could be 0%–200% depending on results.
- The option/derivative units and RSUs vest over time (three-year ratable vesting), so these awards do not represent immediate share purchases.
- For retail investors: awards increase insider exposure to the stock over time if they vest/convert, while tax-withholding disposals are routine administrative actions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-25$29.59/sh−2,976$88,060→ 29,406 total - Award
Common Stock
[F2]2026-02-25+5,915→ 35,321 total - Award
Performance Share Unit
[F3]2026-02-25+10,770→ 10,770 total→ Common Stock (10,770 underlying) - Award
Employee Stock Option (Right to Buy)
[F4]2026-02-25+14,020→ 14,020 totalExercise: $29.59Exp: 2036-02-25→ Common Stock (14,020 underlying)
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations applicable to the vesting of stock-settled Restricted Stock Units ("RSU").
- [F2]Consists of RSUs that will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date. Each RSU will convert on a 1-for-1 basis, in shares of the Issuer's common stock.
- [F3]Consists of Performance Share Units that will vest, if at all, based on certification of achievement of identified performance measures over a three-year performance period. The amount reported represents the amount of shares payable at target performance; the Reporting Person could earn 0%-200% of the amount reported depending on the level of performance achieved.
- [F4]This Option will vest ratably on each anniversary of the date of grant over three years, subject to continued service through each such date.