Form 4: Duluth Holdings SVP, CTO & Logistics Officer Sutera Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Albert J. Sutera, SVP, CTO & Logistics of Duluth Holdings Inc., disposed of 2,618 shares of Class B Common Stock on March 13, 2024, to cover tax obligations upon vesting of restricted stock.
Summary
- On March 13, 2024, Albert J. Sutera, the SVP, CTO & Logistics of Duluth Holdings Inc. (DLTH), disposed of 2,618 shares of Class B Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $4.59 per share.
- Following the transaction, Sutera directly owns 118,344 shares of Duluth Holdings Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, common for corporate insiders when they dispose of shares, often to cover tax obligations related to stock vesting. It provides transparency into insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock disposal transaction. |
| 03/15/2024 | Date of signature on the report. |
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