Benedict Peter 4
Research Summary
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USANA (USNA) CIO Benedict Peter Converts 3,906 RSUs
What Happened Benedict Peter, Chief Information Officer of USANA Health Sciences (USNA), converted/vested 3,906 restricted stock units (RSUs) on February 27, 2026. Of those shares, 1,174 were withheld to cover tax withholding at $21.52 per share, totaling $25,264. Net shares issued to him after withholding were 2,732 (3,906 − 1,174). The filing was submitted on March 3, 2026 for the February 27, 2026 transaction.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (period of report 2026-02-27).
- Conversion: 3,906 RSUs converted to shares (derivative exercise/conversion, code M).
- Tax withholding: 1,174 shares withheld (code F) at $21.52/share, proceeds $25,264.
- Net shares received: 2,732 shares.
- Footnotes: F1 — each RSU equals one share; F2 — RSUs vest 25% on the anniversary of Feb 27, 2025.
- Shares owned after the transaction are not specified in the provided filing.
Context This was a routine RSU vesting/conversion with shares withheld to satisfy tax obligations (common form of "cashless" settlement for RSUs). It is not an open‑market sale or purchase and does not, by itself, indicate a change in insider sentiment.