Form 4: Duluth Holdings Inc. Senior Vice President and CFO, Heena Agrawal, Reports Acquisition of Restricted Stock

Heena Agrawal, Senior Vice President and CFO of Duluth Holdings Inc., reports the acquisition of 138,864 shares of Class B Common Stock as part of a restricted stock award.

Summary

• On March 17, 2025, Heena Agrawal, Senior Vice President and CFO of Duluth Holdings Inc., acquired 138,864 shares of Class B Common Stock.
• This acquisition was part of a restricted stock award granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc.
• The shares vest in three equal installments starting on March 17, 2026.
• Following the reported transaction, Agrawal beneficially owns 216,093 shares of Class B Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of restricted stock award to a company executive. It's neither particularly positive nor negative.

Positives

• The acquisition of restricted stock aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The vesting of the restricted stock in three equal installments commencing on March 17, 2026, suggests a multi-year commitment from the CFO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Restricted stock awards are a common form of executive compensation used to align management's interests with those of shareholders.

Stakeholder Impact

• The granting of restricted stock aligns the CFO's interests with those of the shareholders, potentially leading to better long-term performance for the company.

Key Dates

Keywords

Form 4, Duluth Holdings Inc., DLTH, Heena Agrawal, Senior Vice President, CFO, restricted stock, Equity Incentive Plan, beneficial ownership