Form 4: Duluth Holdings SVP Richard Schlecht Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., reports changes in beneficial ownership of Class B Common Stock due to tax withholding and shares held by children.
Summary
- Richard W. Schlecht, an SVP at Duluth Holdings Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class B Common Stock.
- On April 4, 2025, 1,211 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock at a price of $1.71.
- Following the transaction, Schlecht directly owns 307,841 shares of Class B Common Stock.
- Additionally, Schlecht indirectly owns 54,660 shares through UTMA accounts held by his children.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock ownership changes, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of transaction involving the disposal of shares for tax withholding. |
| 04/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Duluth Holdings, DLTH, Richard Schlecht, Class B Common Stock, Tax Withholding, UTMA Accounts
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