Form 4: Duluth Holdings Inc. Executive Reports Gift of Shares
SEC Form 4 Filing
Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., reports gifting Class B Common Stock.
Summary
- Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc. (DLTH), filed a Form 4 on December 23, 2024, reporting a transaction that occurred on December 20, 2024.
- The transaction involved a gift of 10,730 shares of Class B Common Stock directly owned by Schlecht and a gift of 21,460 shares of Class B Common Stock indirectly owned by Schlecht through UTMA accounts for his children.
- Following the reported transactions, Schlecht directly owns 219,040 shares of Class B Common Stock and indirectly owns 54,660 shares through his children's UTMA accounts.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders.
Stakeholder Impact
- The gift of shares by an executive may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Date of the gift transaction. |
| 12/23/2024 | Date of Form 4 filing. |
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