Form 4: Duluth Holdings SVP Richard Schlecht Reports Stock Transaction
SEC Form 4 Filing
Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., reports disposition of shares to cover tax obligations.
Summary
- On March 13, 2024, Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., reported a transaction involving Class B Common Stock.
- 2,370 shares were disposed of to satisfy tax withholding obligations at a price of $4.59 per share.
- Following the transaction, Schlecht directly owns 174,613 shares of Class B Common Stock.
- Schlecht also indirectly owns 33,200 shares through UTMA accounts for his children.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It doesn't necessarily reflect a broader trend in the retail or apparel industry but is specific to the individual's holdings and tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock transaction |
| 03/15/2024 | Date of signature by Dennis F. Connolly, as POA |
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