Form 4: Big 5 Sporting Goods Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Frank Pasillas, Senior VP of Store Operations at Big 5 Sporting Goods, disposed of 1,502 shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- Frank Pasillas, a Senior VP at Big 5 Sporting Goods, reported a transaction involving the disposition of company stock.
- On March 14, 2025, Pasillas disposed of 1,502 shares of common stock at a price of $0.99 per share.
- This disposition was to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Pasillas beneficially owns 21,660 shares of Big 5 Sporting Goods Corp.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading by corporate insiders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of stock disposition |
| 03/18/2025 | Deemed execution date of the transaction |
| 03/20/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, BGFV, Big 5 Sporting Goods, Insider Trading, Stock Disposition, Pasillas Frank, Tax Withholding
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