Form 4: Big Lots CEO Bruce Thorn Reports Changes in Beneficial Ownership

Big Lots CEO Bruce K. Thorn reports acquisition and disposal of common stock due to tax withholding and equity award vesting.

Summary

• On March 22, 2024, Bruce K. Thorn, the President & CEO of Big Lots Inc., had 4,793 common shares withheld to satisfy taxes applicable to the vesting of an equity award at a price of $4.02.
• On March 25, 2024, 35,180 common shares were withheld to satisfy taxes applicable to the vesting of an equity award at a price of $3.77.
• Also on March 25, 2024, Thorn acquired 420,000 shares and 51,402 shares of common stock at $0.
• Following these transactions, Thorn directly owns 1,101,471 shares of Big Lots Inc.
• The transactions were reported on a Form 4 filing with the SEC.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation. The acquisition of shares is a positive sign, but the tax withholding is a standard procedure.

Positives

• The acquisition of 471,402 shares indicates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The increased share ownership by the CEO could be viewed positively by shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, Bruce K. Thorn, Big Lots Inc., equity award, common stock, SEC