Form 4: Costco Executive Vice President Teresa A. Jones Reports Stock Transactions

Executive Vice President Teresa A. Jones reports disposition of Costco shares for tax withholding and sale of shares on October 22nd and 23rd, 2024.

Summary

• Teresa A. Jones, an Executive Vice President at Costco Wholesale Corp, reported changes in her beneficial ownership of the company's stock.
• On October 22, 2024, she disposed of several blocks of common stock to cover taxes related to the vesting of restricted stock units; the price was $893.49 per share.
• Specifically, 45.859, 75.605, 198.567, 403.788, and 450.256 shares were disposed of for tax purposes.
• On October 23, 2024, she sold 800 shares at a price of $896.545 per share.
• Following these transactions, Jones directly owns 2,960.942 shares of Costco common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, so the sentiment is neutral.

Industry Context

Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.

Comparison to Industry Standards

• Executive stock transactions are routinely disclosed by publicly traded companies like Costco, similar to filings made by executives at Walmart (WMT) and Target (TGT).
• These filings are mandated by the SEC to provide transparency into insider transactions, ensuring fair market practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates