Nike CEO’s 9,462-share disposition was tax withholding, not market sale
Elliott Hill reported the disposition after restricted stock units vested, while Nike shares later reached a reported 52-week low.
Nike chief executive Elliott Hill reported the disposition of 9,462 Class B common shares on 1 September, according to an SEC Form 4 cited by Yahoo Finance. The shares were withheld by Nike to meet tax obligations following the vesting of restricted stock units, rather than sold on the open market.
The filing reportedly recorded a weighted-average price of $39.06 per share. The transaction was described as non-discretionary and does not indicate that Hill timed the disposition ahead of the subsequent share-price decline.
Nike shares later reached a reported 52-week low of $37.95 on 3 September, according to the source. Hill retained substantial equity exposure, including direct holdings valued at about $14.25 million at the 1 September market close and 395,570 derivative securities, although the reported holdings and valuations were not independently verified from the complete filing.
Nike reported fiscal 2026 revenue of $46.4 billion, compared with $46.3 billion a year earlier. North American sales rose 3% year on year, while China revenue fell 12%.
The company is planning changes to its digital strategy in China. Analysts cited in the report estimate those changes could create a potential $1 billion headwind, but that figure remains a forecast rather than a confirmed company outcome.
