Form 4: Cracker Barrel SVP, Chief Information Officer, Bruce Hoffmeister, Reports Stock Transactions

Bruce Hoffmeister, SVP and Chief Information Officer of Cracker Barrel, reports the vesting and subsequent sale of performance stock to cover tax obligations.

Summary

• On September 30, 2024, Bruce Hoffmeister, SVP, Chief Information Officer of Cracker Barrel Old Country Store, Inc., reported transactions involving Cracker Barrel common stock.
• These transactions included the vesting of performance stock and the subsequent disposal of shares to satisfy federal tax withholding obligations.
• Specifically, 456 shares and 28 shares vested based on the achievement of performance requirements under the FY22 Long-Term Performance Plan.
• A total of 599 shares were disposed of at a price of $45.35 to cover tax obligations related to the vesting of performance stock and previously disclosed awards.
• Following these transactions, Hoffmeister directly owns 8,640 shares of Cracker Barrel common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reflecting routine stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Key Dates