Form 4: Cato Corp VP Audrey Schwarz Receives Restricted Stock Award
SEC Form 4 Filing
Audrey Schwarz, Vice President and DMM at Cato Corp, acquired 8,596 shares of Class A Common Stock on May 1, 2024, as part of a restricted stock award.
Summary
- Audrey Schwarz, a Vice President at Cato Corp, filed a Form 4 on May 3, 2024, reporting a transaction that occurred on May 1, 2024.
- Schwarz acquired 8,596 shares of Class A Common Stock due to a restricted stock award.
- The shares were awarded by the Compensation Committee on March 27, 2024, and the grant was effective May 1, 2024.
- The acquired shares are subject to a time-based vesting schedule.
- Following the transaction, Schwarz directly owns 28,490 shares of Cato Corp Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The restricted stock award suggests the company is incentivizing its executives.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock award could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2022-01-21 | Date of Power of Attorney execution. |
| 2024-03-27 | Compensation Committee awarded restricted shares. |
| 2024-05-01 | Effective date of the restricted stock grant and transaction date. |
| 2024-05-03 | Date of Form 4 filing. |
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