Form 4: Big Lots Executive Schlonsky Reports Changes in Beneficial Ownership
SEC Form 4
Executive Vice President Michael Allen Schlonsky reports changes in his beneficial ownership of Big Lots Inc. stock due to tax withholdings, vesting of equity awards, and holdings through a 401(k) plan and a trust.
Summary
- Michael Allen Schlonsky, an Executive Vice President at Big Lots Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On March 22, 2024, 970 shares were disposed of to cover taxes related to the vesting of an equity award at a price of $4.02.
- On March 25, 2024, an additional 6,289 shares were disposed of for taxes at $3.77.
- Also on March 25, 2024, Schlonsky acquired 80,152 shares and 9,809 shares through vesting equity awards at $0.
- Following these transactions, Schlonsky directly owns 276,909 shares of Big Lots Inc. common stock.
- He also indirectly owns 4,020.65 shares through the Big Lots Savings Plan (401(k) Plan) and 3,300 shares through the Joseph Schlonsky 2007 Trust.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting routine transactions related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of 89,961 shares through vesting equity awards indicates a continued investment in the company's future by the executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the executive's stock transactions as an indicator of management's view of the company's value.
- The vesting of equity awards aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | 970 shares disposed of for tax purposes at $4.02. |
| 03/25/2024 | 6,289 shares disposed of for tax purposes at $3.77. |
| 03/25/2024 | 80,152 shares acquired through vesting equity awards. |
| 03/25/2024 | 9,809 shares acquired through vesting equity awards. |
| 03/25/2024 | Date of 401(k) Plan report used for share information. |
Keywords
Form 4, Beneficial Ownership, Executive Compensation, Equity Award, BIG, Big Lots Inc., Schlonsky, Stock, Transaction
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