USANA (USNA) CIO Benedict Peter Receives Award, Withholds 176 Shares

What Happened Benedict Peter, Chief Information Officer of USANA Health Sciences (USNA), had restricted stock units convert into 598 shares on July 25, 2026. Of those shares, 176 were withheld to satisfy tax withholding at $21.32 per share, totaling $3,752. The RSU conversion shows a $0.00 exercise price (typical for RSUs), meaning no cash exercise was required; the net shares delivered to Peter were 422 (598 acquired minus 176 withheld).

Key Details

• Transaction date: July 25, 2026; Form 4 filed July 27, 2026 (appears timely under the 2-business-day rule).
• Conversion/Exercise (code M): 598 shares acquired; listed with $0.00 exercise price (RSU conversion).
• Tax withholding (code F): 176 shares disposed/withheld at $21.32 each = $3,752.
• Net shares received: 422.
• Footnotes: F1 — Each restricted stock unit (RSU) converts into one share. F2 — These RSUs vest 25% on the anniversary of July 25, 2024 (periodic vesting schedule).
• Shares owned after the transaction: Not specified in the provided filing details.

Context This was a routine RSU vesting/conversion and a tax-withholding event, not an open-market buy or sale. Withholding shares to cover taxes is standard administrative treatment and does not necessarily signal the insider’s market view. The RSU conversion had no cash exercise price, so no cash outlay was required to receive the vested shares.