Form 4: First Watch Restaurant Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4
John Daniel Jones, Chief Operations Officer of First Watch Restaurant Group, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- John Daniel Jones, the Chief Operations Officer of First Watch Restaurant Group, Inc., sold 1,977 shares of common stock on March 12, 2024.
- The sale was executed at a weighted average price of $24.43 per share, with individual prices ranging from $24.26 to $24.43.
- The transaction was conducted to cover necessary tax withholding obligations related to the vesting of restricted stock units, as per company policy.
- Following the transaction, Jones directly owns 43,165 shares of First Watch Restaurant Group, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the stock sale transaction. |
| 03/14/2024 | Date of signature on the Form 4 filing. |
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