Form 4: 1-800 FLOWERS COM INC Director Christopher G. McCann Reports Share Disposals for Tax Purposes

Director Christopher G. McCann of 1-800 FLOWERS COM INC reported the disposal of 9,139 shares for tax purposes following the vesting of restricted shares.

Summary

• Christopher G. McCann, a director of 1-800 FLOWERS COM INC, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• The filing reports the disposal of 9,139 shares of Class A Common Stock on December 16, 2024, at a price of $7.85 per share.
• This disposal was a result of the company withholding shares for tax purposes upon the vesting of restricted shares.
• McCann also indirectly holds 100,000 shares through a Grantor Retained Annuity Trust, 81,026 shares through a Grantor Retained Annuity Trust, 120,000 shares through a Grantor Retained Annuity Trust, 225,000 shares through a Grantor Retained Annuity Trust and 110 shares as custodian for his son.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to insider transactions and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a common occurrence related to the vesting of restricted stock and subsequent tax obligations, which is typical across various industries.

Stakeholder Impact

• The transaction is not expected to have a significant impact on stakeholders as it is a routine tax-related disposal.

Key Dates

Keywords

Form 4, Beneficial Ownership, Share Disposal, Director, 1-800 FLOWERS COM INC, FLWS, Christopher G. McCann, Tax Withholding, Restricted Shares, Grantor Retained Annuity Trust