Form 4: 1-800-FLOWERS.COM Executive Sells Shares to Cover Taxes

Thomas G. Hartnett, President of 1-800-FLOWERS.COM, disposed of 7,260 shares to cover tax obligations related to vesting restricted stock.

Summary

• Thomas G. Hartnett, President of 1-800-FLOWERS.COM, sold 7,260 shares of Class A Common Stock on December 16, 2024.
• The sale was a deemed disposition to cover tax obligations arising from the vesting of restricted shares.
• The shares were sold at a price of $7.85 per share.
• Following the transaction, Hartnett directly owns 361,774 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock as part of their compensation.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

insider trading, Form 4, stock sale, executive, 1-800-FLOWERS.COM, FLWS, Thomas G. Hartnett, restricted stock, tax obligations