Form 4: Duluth Holdings SVP Richard Schlecht Reports Stock Transaction

Richard Schlecht, SVP of Product Development & Sourcing at Duluth Holdings, reports a transaction involving Class B Common Stock to cover tax obligations.

Summary

• Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc. (DLTH), filed a Form 4 on March 25, 2025.
• The report details a transaction on March 22, 2025, where 996 shares of Class B Common Stock were disposed of to satisfy tax withholding obligations at a price of $2.09 per share.
• Following the transaction, Schlecht directly owns 308,052 shares of Class B Common Stock.
• Schlecht also indirectly owns 54,660 shares of Class B Common Stock through UTMA accounts for his children.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to stock transactions by company insiders, which is a common practice in publicly traded companies. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Form 4, Duluth Holdings, DLTH, Richard Schlecht, Stock Transaction, Beneficial Ownership, SVP, Product Development, Sourcing, Class B Common Stock, Tax Withholding, UTMA