Form 4: Big 5 Sporting Goods CEO Sells Shares to Cover Tax Obligations
SEC Form 4
Steven G. Miller, Chairman, President, and CEO of Big 5 Sporting Goods, disposed of shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 14, 2025, Steven G. Miller, Chairman, President, and CEO of Big 5 Sporting Goods Corporation, disposed of 8,218 shares of common stock at a price of $0.99 per share to cover tax withholding obligations.
- Following the transaction, Miller directly owns 110,243 shares.
- Miller also indirectly owns 506,006 shares through the Steven G. Miller and Jacquelyne G. Miller Trust dated September 13, 1990, and 274,232 shares through Robert W. and Florence Miller Family Partners, L.P.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| September 13, 1990 | Date of the Steven G. Miller and Jacquelyne G. Miller Trust |
| 03/14/2025 | Date of the stock disposal transaction |
| 03/18/2025 | Deemed execution date of the transaction |
| 03/20/2025 | Date of signature by Attorney-in-Fact |
Keywords
Big 5 Sporting Goods, BGFV, Steven G. Miller, stock disposal, Form 4, tax withholding, insider trading
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