Form 4: Costco Director W. Craig Jelinek Reports Stock Disposals for Tax Obligations

Director W. Craig Jelinek of Costco Wholesale Corp. reports disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On April 5, 2024, W. Craig Jelinek, a director at Costco Wholesale Corp., reported the disposal of common stock to cover tax obligations.
• These disposals were not open market transactions and were related to the vesting of restricted stock units.
• The transactions involved the withholding of shares at a price of $713.72 per share.
• The total number of shares disposed of for tax purposes was 3,038.047, 3,726.301, 9,482.154 and 10,477.902.
• Following these transactions, Jelinek directly owns 189,939.061 shares of Costco common stock.
• Jelinek also indirectly owns 126,227 shares through GRAT I, 20,000 shares through GRAT II, and 20,000 shares through GRAT III.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing relates to routine tax obligations and does not indicate a change in the director's overall confidence in the company. It's a standard procedure.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. Disposals of shares to cover tax obligations are common and do not necessarily indicate a negative outlook on the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The reporting requirements are governed by the Securities and Exchange Commission (SEC).
• Similar filings are made by insiders at companies like Walmart (WMT) and Target (TGT) when they engage in transactions involving their company's stock.

Key Dates