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 14, 2025, Laurie Marie Grijalva, Chief Merchandising Officer of Boot Barn Holdings, Inc., disposed of 248 shares of common stock.
• The shares were withheld by the issuer to satisfy withholding taxes due in connection with the vesting of 694 restricted stock units.
• The price per share was $132.84, the closing price of the common stock on the vesting date.
• Following the transaction, Grijalva directly owns 14,655 shares of common stock and indirectly owns 9,042 shares underlying restricted stock units that remain subject to time-based vesting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units, are common across publicly traded companies.
• The practice of withholding shares to cover tax obligations is a standard procedure.
• Comparable companies such as Tractor Supply Company (TSCO) and Dick's Sporting Goods (DKS) also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock units, BOOT, Boot Barn Holdings, Grijalva, executive compensation