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

• Laurie Marie Grijalva, Chief Merchandising Officer of Boot Barn Holdings, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On May 12, 2024, 479 shares were withheld by the issuer to satisfy withholding taxes related to the vesting of 1,342 restricted stock units, with the shares valued at $106.86 each.
• On May 14, 2024, an additional 248 shares were withheld to cover taxes on the vesting of 694 restricted stock units, at a price of $107.03 per share.
• Following these transactions, Grijalva directly owns 10,730 shares of common stock, excluding shares subject to further vesting conditions, and holds rights to 10,316 shares underlying restricted stock units that are still subject to time-based vesting.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock vesting and tax obligations, and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are routine and provide transparency into the trading activities of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to routine tax obligations.

Key Dates