Form 4: Barnes & Noble Education CEO Jonathan Shar Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
CEO Jonathan Shar reports the acquisition of 360,000 performance units and the disposal of 83 shares to cover withholding taxes.
Summary
- Jonathan Shar, CEO of Barnes & Noble Education, reported changes in beneficial ownership.
- On September 20, 2024, Shar acquired 360,000 performance units (PSUs), each representing a contingent right to receive one share of BNED common stock upon achieving a specified price per share and continued employment.
- On September 24, 2024, Shar disposed of 83 shares of common stock at a price of $9.5123 to cover applicable withholding taxes related to the vesting of restricted stock units.
- Following these transactions, Shar beneficially owns 362,917 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting transactions by an insider, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Grant of 360,000 Performance Units |
| 09/24/2024 | Disposal of 83 shares to cover withholding taxes |
| 09/24/2024 | Date of signature |
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