Form 4: Duluth Holdings SVP Richard Schlecht Reports Stock Transactions
SEC Form 4 Filing
Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., reports the disposition of 1,211 shares to cover tax obligations and indirect ownership of 33,200 shares held by children.
Summary
- Richard W. Schlecht, a Senior Vice President at Duluth Holdings Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On April 4, 2024, Mr. Schlecht disposed of 1,211 shares of Class B Common Stock at a price of $4.9 to satisfy tax withholding obligations upon the vesting of restricted stock.
- Following this transaction, Mr. Schlecht directly owns 173,406 shares of Class B Common Stock.
- He also indirectly owns 33,200 shares of Class B Common Stock through UTMA accounts held by his children.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of stock transaction (disposal of shares for tax obligations). |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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