Form 4: 1-800-FLOWERS.COM Executive Hartnett Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Thomas G. Hartnett, President of 1-800-FLOWERS.COM, disposed of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On November 8, 2024, Thomas G. Hartnett, President of 1-800-FLOWERS.COM Inc. (FLWS), disposed of 5,617 shares of Class A Common Stock.
- The transaction was a deemed disposition exempt under Section 16(b) of the Exchange Act.
- The shares were withheld by the company for tax purposes upon the vesting of restricted shares of Common Stock.
- Following the transaction, Hartnett beneficially owns 369,034 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date of the transaction (disposal of shares). |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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