Form 4: Boot Barn CEO James Conroy Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Boot Barn Holdings CEO James Grant Conroy sold 3,486 shares of common stock on May 22, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On May 22, 2024, James Grant Conroy, the President and CEO of Boot Barn Holdings, Inc., disposed of 3,486 shares of common stock.
- The transaction was executed to cover withholding taxes due in connection with the vesting of 6,877 restricted stock units.
- The shares were sold at a price of $110.28 per share, which was the closing price of the common stock on the vesting date.
- Following the transaction, Conroy directly owns 69,943 shares of common stock and indirectly owns 54,279 shares underlying restricted stock units that remain subject to time-based vesting.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a change in the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: CEO sold shares to cover taxes related to vesting of restricted stock units. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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