Form 4: Cracker Barrel CEO Julie Masino Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Julie Masino sold 389 shares of Cracker Barrel stock on August 7, 2024, to cover federal tax withholding obligations.
Summary
- On August 7, 2024, Julie D. Masino, CEO of Cracker Barrel Old Country Store, Inc. (CBRL), sold 389 shares of common stock.
- The transaction was executed at a price of $39.35 per share.
- The sale was conducted to satisfy federal tax withholding obligations related to the vesting of a previously disclosed award.
- Following the transaction, Masino directly owns 30,611 shares of Cracker Barrel stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the CEO's confidence in the company.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of stock sale transaction |
| 08/08/2024 | Date of signature on the Form 4 filing |
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