Form 4: Boot Barn Executive John Hazen Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John Hazen, Chief Digital Officer of Boot Barn Holdings, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 19, 2024, John Hazen, the Chief Digital Officer of Boot Barn Holdings, Inc., had shares vest from previously disclosed restricted stock units.
- To cover withholding taxes associated with this vesting, the issuer withheld 735 shares of common stock.
- The price per share was $114.99, representing the closing price on the first trading day after the vesting date.
- Following the transaction, Hazen directly owns 2,633 shares of common stock and holds restricted stock units for 13,233 shares that are subject to time-based vesting.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for companies to withhold shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 05/19/2024 | Date of transaction: Vesting of restricted stock units and withholding of shares for tax obligations. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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