Form 4: Cracker Barrel Executive Jim Mark Spurgin Sells Shares to Cover Tax Obligations

Cracker Barrel's SVP, Chief Supply Chain Officer, Jim Mark Spurgin, sold 318 shares of common stock to cover tax obligations related to a vesting award.

Summary

• Jim Mark Spurgin, SVP and Chief Supply Chain Officer at Cracker Barrel, sold 318 shares of common stock on January 17, 2025.
• The sale was executed at a price of $54.73 per share.
• This transaction was to cover federal tax withholding obligations related to the vesting of a previously disclosed award.
• Following the transaction, Mr. Spurgin directly owns 5,043 shares of Cracker Barrel stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives to cover tax obligations related to stock awards and is common across publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• Similar transactions are regularly reported by executives at companies like Darden Restaurants (DRI) and Texas Roadhouse (TXRH).

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Cracker Barrel, insider trading, stock sale, executive, Form 4, Jim Mark Spurgin, tax obligations, share transaction, CBRL