Form 4: Big 5 Sporting Goods Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey L. Fraley, Senior VP of Human Resources at Big 5 Sporting Goods, disposed of shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 14, 2024, Jeffrey L. Fraley, Senior VP of Human Resources at Big 5 Sporting Goods Corporation, disposed of 2,645 shares of common stock at a price of $3.58 per share to cover tax withholding obligations.
- Following the transaction, Fraley directly owns 21,430 shares and indirectly owns 4,928 shares through The Fraley Family Living Trust Dated August 26, 2004.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by an executive to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 26, 2004 | Date of The Fraley Family Living Trust |
| 03/14/2024 | Date of transaction: Disposal of shares |
| 03/15/2024 | Deemed execution date of transaction |
| 03/19/2024 | Date of signature by attorney-in-fact |
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