Form 4: Cava Group CFO Tolivar Reports Stock Transactions

Tricia K. Tolivar, CFO of Cava Group, Inc., reports the withholding of shares to cover tax obligations related to restricted stock units.

Summary

• On June 14, 2024, Tricia K. Tolivar, the Chief Financial Officer of Cava Group, Inc., had 5,557 shares of common stock withheld by the issuer to cover tax obligations related to the net settlement of restricted stock units (RSUs) at a price of $89.93 per share.
• Following the transaction, Tolivar directly owns 303,041 shares of Cava Group common stock, which includes unvested RSUs.
• Tolivar also indirectly owns 2,500 shares through a spouse.
• The reporting person disclaims beneficial ownership of the securities reported as indirectly owned, except to the extent of the reporting person's pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Management Comments

• The reporting person states that this filing shall not be an admission that the reporting person is the beneficial owner of any of the securities reported herein as indirectly owned, and the reporting person disclaims beneficial ownership of such securities except to the extent of the reporting person's pecuniary interest therein.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.

Key Dates