Form 4: Big 5 Sporting Goods Executive Starr Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Senior VP of Operations at Big 5 Sporting Goods, Shane O. Starr, disposed of 2,645 shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 14, 2024, Shane O. Starr, Senior VP of Operations at Big 5 Sporting Goods, disposed of 2,645 shares of common stock.
- The shares were sold at a price of $3.58 per share.
- This transaction was to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Starr directly owns 22,605 shares of Big 5 Sporting Goods Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares 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 for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Sale of shares by Shane O. Starr. |
| 03/15/2024 | Deemed execution date of the transaction. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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