Form 4: Duluth Holdings SVP Weber Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Garth N. Weber, SVP of Brand and Marketing at Duluth Holdings Inc., disposed of 3,113 shares of Class B Common Stock on April 8, 2025, to satisfy tax withholding obligations.
Summary
- On April 8, 2025, Garth N. Weber, the SVP of Brand and Marketing at Duluth Holdings Inc., disposed of 3,113 shares of Class B Common Stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Weber directly owns 113,499 shares of Duluth Holdings Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of transaction: Disposal of 3,113 shares of Class B Common Stock. |
| 04/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Duluth Holdings Inc., DLTH, Garth N. Weber, SVP Brand and Marketing, Stock Disposal, Tax Withholding, Beneficial Ownership
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