Form 4: Dollar General CEO Todd Vasos Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Todd Vasos disposed of Dollar General shares to cover tax obligations related to the vesting of performance share units.
Summary
- On April 1, 2024, Dollar General CEO Todd Vasos disposed of 20,238 shares of common stock at a price of $157.35 per share to cover tax obligations.
- The disposal was related to the vesting of performance share units (PSUs) granted on March 16, 2021, and March 15, 2022.
- Following the transaction, Vasos beneficially owns 136,821.4395 shares of Dollar General common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when equity awards vest.
Key Dates
| Date | Description |
|---|---|
| 03/16/2021 | Grant date of performance share units (PSUs) related to fiscal year 2021 adjusted EBITDA performance and fiscal years 2021-2023 adjusted ROIC performance. |
| 03/15/2022 | Grant date of performance share units (PSUs) related to fiscal year 2022 adjusted EBITDA performance. |
| 04/01/2024 | Date of stock disposal by Todd Vasos. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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