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Savers Value Village, Inc.·4

Mar 16, 4:45 PM ET

Geisser Melinda L. 4

Research Summary

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Updated

Savers (SVV) CPO Melinda Geisser Exercises Options, Receives RSUs

What Happened

  • Melinda L. Geisser, Chief People Services Officer of Savers Value Village, exercised/converted derivative awards and received restricted stock unit (RSU) awards. On March 12, 2026 she exercised options/derivatives to acquire 3,433 shares (@ $8.03, $27,567) and 10,548 shares (@ $8.03, $84,700) — a total cost of $112,267. To satisfy tax withholding, 3,405 shares were surrendered (disposed) at an implied value of $8.03/share ($27,342). She also received grant/award RSU transactions: 57,544 shares @ $7.80 (reported value $448,843) and additional RSU-related acquisitions of 28,846 and 14,176 shares recorded at $0.00 (conversion/vesting of RSUs).

Key Details

  • Transaction dates and prices:
    • 2026-03-12: option exercises — 3,433 @ $8.03 and 10,548 @ $8.03 (acquired).
    • 2026-03-12: tax/withholding — 3,405 shares surrendered @ $8.03 (disposed).
    • 2026-03-12 & 03-13: RSU/award entries — 57,544 @ $7.80 (value $448,843), 28,846 @ $0.00, 14,176 @ $0.00.
  • Shares owned after the transactions: not disclosed in the provided filing excerpt.
  • Notable footnotes:
    • Vested RSUs from 3/12/2024 and 3/12/2025 converted 1:1 to common shares (F1, F2, F4).
    • Units were surrendered to the issuer to satisfy tax withholding on vesting (F3) — effectively a cashless tax withholding.
    • Awarded options/RSUs have future vesting schedules (vesting in roughly equal/one‑third increments in 2027–2029 or one year from grant, per F5–F9).
  • Filing timeliness: Report filed 2026-03-16 for transactions on 2026-03-12 — filed within the typical 2 business-day Form 4 window (timely).

Context

  • Transaction codes: M = exercise/conversion of derivative (option), F = payment of exercise price/tax withholding, A = grant/award.
  • This filing shows option exercises and RSU vesting/awards rather than open‑market selling. The surrender of shares to cover taxes is a routine, administrative step (common in vesting/exercise events) and not an independent sale for investment reasons.
  • The larger reported award ($448,843) is a grant value; exercises indicate insider acquisition of shares (net share increase before withholding). No 10% owner or 10b5-1 plan was disclosed in the provided notes.