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Savers Value Village, Inc.·4

Mar 16, 4:48 PM ET

Medway Richard A. 4

Research Summary

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Savers Value Village GC Richard Medway Exercises Options, Receives RSUs

What Happened
Richard A. Medway, General Counsel of Savers Value Village, reported exercising stock options and receiving restricted stock units (RSUs). On March 12, 2026 he exercised options that resulted in the acquisition of 19,089 shares (5,025 and 14,064) at an exercise price of $8.03 per share for a cash cost of $153,285. At the same time 4,649 shares were surrendered to the company to satisfy tax withholding obligations (valued at $37,331). Also reported were grants/awards of RSUs: 83,120 RSUs with an implied value of $7.80 per share (≈ $648,336) and additional RSU awards of 41,666 and 15,675 units (no cash paid). Some derivative instruments (the options) were converted/terminated as part of the exercise.

Key Details

  • Transaction dates: March 12, 2026 (primary activity) and March 13, 2026 (additional RSU grant). Filing date: March 16, 2026.
  • Exercise details: 5,025 shares @ $8.03 = $40,351 and 14,064 shares @ $8.03 = $112,934 (total cost $153,285).
  • Tax withholding: 4,649 shares surrendered @ $8.03 = $37,331 (reported as disposition for tax payment).
  • Grants/awards: 83,120 RSUs @ $7.80 (reported value ≈ $648,336); plus 41,666 and 15,675 RSUs granted (reported at $0).
  • Footnotes: vested RSUs from March 12, 2024 and March 12, 2025 converted one-for-one to common shares (F1–F4). Some awards vest in future installments (F5, F7–F9). Surrendered shares reflect tax withholding (F3). Options convert one-for-one on exercise (F6).
  • Shares owned after transaction: not specified in the provided filing excerpt.

Context

  • This was an option exercise and RSU/award receipt, not an open-market purchase or sale of shares for investment exposure. The surrender of shares to cover taxes is a common, routine part of option/RSU settlements (partial cashless treatment).
  • Awards include both vested RSUs (converted to shares) and newly granted unvested awards that vest over future dates; unvested grants do not represent immediately marketable shares.
  • No indication in the provided details that this is a 10% owner transaction or a gift; described actions are standard executive compensation exercises/settlements.