Form 4: Boot Barn Executive Sells Shares to Cover Tax Obligations

Laurie Marie Grijalva, Chief Merchandising Officer of Boot Barn Holdings, Inc., sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 19, 2024, Laurie Marie Grijalva, Chief Merchandising Officer of Boot Barn Holdings, Inc., disposed of 735 shares of common stock.
• The shares were withheld by the issuer to satisfy withholding taxes due in connection with the vesting of 2,059 restricted stock units.
• The price per share was $114.99, the closing price of the common stock on the first trading day following the vesting date.
• Following the transaction, Grijalva directly owns 12,054 shares of common stock.
• Grijalva also holds 13,182 shares of common stock underlying restricted stock units that remain subject to time-based vesting.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive sold shares to cover taxes, which is a normal occurrence.

Industry Context

Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency when company insiders trade their own company's stock. This filing indicates that the Chief Merchandising Officer sold shares to cover tax obligations, which is a common practice.

Key Dates