Form 4: 1-800 FLOWERS.COM Inc. Executive Michael R. Manley Reports Stock Transaction

Michael R. Manley, SVP and General Counsel at 1-800 FLOWERS.COM Inc., reported a disposition of 2,288 shares of Class A Common Stock for tax purposes on December 16, 2024.

Summary

• Michael R. Manley, a Senior Vice President and General Counsel at 1-800 FLOWERS.COM Inc., filed a Form 4 indicating a change in his beneficial ownership of company stock.
• On December 16, 2024, Mr. Manley disposed of 2,288 shares of Class A Common Stock.
• This transaction was a deemed disposition due to the withholding of shares for tax purposes upon the vesting of restricted stock.
• The price per share for the transaction was $7.85.
• Following the transaction, Mr. Manley beneficially owns 97,342 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transaction is typical of stock vesting and tax withholding procedures seen across various companies.
• The number of shares disposed of is relatively small compared to the total shares owned by the executive, which is common for these types of transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposition by an executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, 1-800 FLOWERS.COM Inc., FLWS, Michael R. Manley, Class A Common Stock, Tax Withholding, Restricted Stock