Form 4: Boot Barn CFO James Watkins Reports Share Withholding for Tax Obligations

James Watkins, CFO of Boot Barn Holdings, Inc., reports the withholding of 259 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 22, 2024, Boot Barn Holdings, Inc. CFO James M. Watkins had 259 shares of common stock withheld by the issuer to satisfy tax obligations.
• This withholding was related to the vesting of previously disclosed restricted stock units.
• The shares were withheld at a price of $110.28 per share, which was the closing price of the common stock on the vesting date.
• Following the transaction, Watkins beneficially owns 16,902 shares of common stock, including shares awarded in connection with the vesting, but excluding shares subject to further vesting conditions.
• Watkins also holds 12,060 shares of common stock underlying restricted stock units that remain subject to time-based vesting.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard procedure for executives receiving stock-based compensation, where a portion of the shares are withheld to cover income tax obligations.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares, but is not expected to significantly affect shareholders.

Key Dates