Form 4: Duluth Holdings SVP Richard Schlecht Reports Stock Transactions

Richard Schlecht, SVP of Product Development & Sourcing at Duluth Holdings, reports the disposition of shares to cover tax obligations and beneficial ownership through children's UTMA accounts.

Summary

• Richard Schlecht, an SVP at Duluth Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On April 8, 2025, 3,162 Class B Common Stock shares were disposed of to satisfy tax withholding obligations at a price of $1.74.
• Following the transaction, Schlecht directly owns 304,679 shares of Class B Common Stock.
• Schlecht also indirectly owns 54,660 shares through UTMA accounts for his children.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on stock prices. This filing indicates a standard transaction to cover tax obligations upon vesting of restricted stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the disposal of shares, but it is primarily related to tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Duluth Holdings, DLTH, Richard Schlecht, Stock Transaction, UTMA Accounts, Tax Withholding