Form 4: Duluth Holdings SVP, CTO & Logistics, Albert J. Sutera, Reports Tax Withholding Obligation

Albert J. Sutera, SVP, CTO & Logistics at Duluth Holdings Inc., reports the disposal of 3,681 shares to cover tax obligations upon vesting of restricted stock on April 8, 2025.

Summary

• On April 8, 2025, Albert J. Sutera, SVP, CTO & Logistics at Duluth Holdings Inc., disposed of 3,681 shares of Class B Common Stock.
• The transaction was to satisfy tax withholding obligations upon the vesting of restricted stock.
• The shares were disposed of at a price of $1.74.
• Following the transaction, Sutera directly owns 259,765 shares of Duluth Holdings Inc.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.

Industry Context

This is a standard Form 4 filing, reflecting a common practice of executives selling shares to cover tax obligations arising from the vesting of restricted stock. It's a routine transaction and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Duluth Holdings Inc., DLTH, Albert J. Sutera, SVP, CTO, Logistics, Tax Withholding, Share Disposal, Beneficial Ownership, Class B Common Stock