Form 4: Duluth Holdings SVP Neala Shepherd Reports Stock Disposal for Tax Obligations
SEC Form 4
Neala Shepherd, SVP of Brand and Marketing at Duluth Holdings, disposed of 1,175 shares of Class B Common Stock to cover tax obligations upon vesting of restricted stock.
Summary
- On April 4, 2024, Neala Shepherd, SVP of Brand and Marketing at Duluth Holdings Inc., disposed of 1,175 shares of Class B Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Shepherd directly owns 99,692 shares of Duluth Holdings Inc. Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: disposal of shares to cover tax obligations. |
| 04/08/2024 | Date of report filing. |
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