Form 4: Boot Barn CFO James Watkins Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
James Watkins, CFO of Boot Barn Holdings, reports the withholding of 735 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 19, 2024, Boot Barn Holdings' CFO, James Watkins, had 735 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of 2,059 restricted stock units.
- The withheld shares were valued at $114.99 each, based on the closing price of Boot Barn's common stock on the first trading day following the vesting date.
- Following the transaction, Watkins directly owns 16,436 shares of common stock and holds 12,785 shares underlying restricted stock units that are still subject to vesting.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, with no significant positive or negative implications.
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.
Key Dates
| Date | Description |
|---|---|
| 05/19/2024 | Date of the transaction where 735 shares were withheld for tax obligations and vesting of restricted stock units. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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