Form 4: Duluth Holdings Inc. Executive Michael Murphy Reports Stock Transaction
SEC Form 4 Filing
Michael Murphy, VP, CAO, and Treasury of Duluth Holdings Inc., reports the disposition of 1,099 shares of Class B Common Stock to cover tax obligations.
Summary
- On March 13, 2024, Michael Murphy, VP, CAO, and Treasury of Duluth Holdings Inc. (DLTH), reported a transaction involving Class B Common Stock.
- The transaction involved the disposition of 1,099 shares at a price of $4.59 per share.
- These shares were used to satisfy tax withholding obligations upon the vesting of restricted stock.
- Following the transaction, Murphy beneficially owns 53,270 shares of Duluth Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activities of executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock transaction (disposition of shares). |
| 03/15/2024 | Date of signature on the report. |
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