Henry Schein (HSIC) Protective Put Calculator
Calculator · free · no signup · HSICPrice a protective put, zero-cost collar, or put spread on Henry Schein. Annual cost, max loss, upside cap, tax treatment, auto-filled from current HSIC option chain.
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About Henry Schein
Henry Schein (HSIC) is a public Healthcare Services company, incorporated in Delaware and headquartered in Melville, NY.
Last close: $84.88 per share (as of 2026-10-03).
Equity grants at Henry Schein typically include restricted stock units (RSUs).
Henry Schein, Inc. is an American distributor of health care products and services, with operations in 33 countries and territories. It is the world's largest provider of health care solutions to office-based dental and medical practitioners.
Source: Wikipedia (CC BY-SA 4.0)
Founded as a Queens pharmacy in 1932, the company became the largest distributor of supplies and equipment to dental and medical practices in the United States. Distribution margins are thin, so the strategy has been to add practice-management software and equipment services that raise switching costs for an office already ordering consumables. Independent practices consolidating into corporate groups shifts negotiating power toward the buyer. Volume is driven by patient visits rather than by any product cycle. Headquarters are in Melville, New York.
Sources: sec.gov · en.wikipedia.org
Equity comp at Henry Schein
- Henry Schein's RSU agreements under its 2020 Stock Incentive Plan use cliff vesting rather than the more common graded (annual-tranche) vesting: service-based RSUs vest 100% at once after four years, and performance-based RSUs vest 100% after three years if performance goals are met. A large share of recent grants are performance-based (65% of the 2025 Long Term Incentive Program). Vesting can accelerate early on retirement, disability, or death, and equity does not appear to vest merely because a change of control occurs; the agreements tie change-of-control acceleration to a qualifying termination occurring after the change of control (a double-trigger structure).
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
- Vesting schedule: Service-based RSUs cliff-vest 100% after four years (not graded); performance-based RSUs cliff-vest after three years subject to meeting performance goals. Stock options vest 25% per year over four years with a 10-year term, priced at closing price on grant date..
Sources: contracts.justia.com · contracts.justia.com · contracts.justia.com · sec.gov · stocktitan.net
Researched 2026-08-23.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Henry Schein.
A protective put caps your downside on the HSIC position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current HSIC option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share HSIC position at $84.88 is worth $424,400. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $8,488 to $16,976) before any premium offset from a short call. The calculator prices both structures off HSIC's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
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Henry Schein equity questions
- How much does it cost to hedge HSIC stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and HSIC's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current HSIC option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Henry Schein grant ISOs, NSOs, or RSUs?
- Equity compensation at Henry Schein typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Henry Schein RSUs use double-trigger vesting?
- Yes. Henry Schein restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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