Form 4: Director Richard L. Markee Acquires Shares of Five Below, Inc. in Lieu of Quarterly Retainer

Richard L. Markee, a director of Five Below, Inc., acquired 144 shares of common stock on May 6, 2024, in lieu of a quarterly retainer payment.

Summary

• On May 6, 2024, Richard L. Markee, a director of Five Below, Inc., acquired 144 shares of the company's common stock.
• The acquisition was made in lieu of a quarterly retainer payment of $21,250.00, less applicable tax withholdings, as part of the Five Below, Inc. Compensation Policy for Non-Employee Directors.
• Following the transaction, Markee directly owns 11,920 shares of Five Below, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive sign. The transaction itself is part of a pre-existing compensation plan and doesn't indicate any major strategic shift.

Positives

• The acquisition reflects the director's continued investment in the company.
• The compensation policy provides an alternative to cash payments, potentially conserving company funds.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages vary widely across the retail industry.
• Equity-based compensation is a common component, often including stock options, restricted stock units, or direct stock grants.
• Companies like Target, Walmart, and Dollar General also utilize equity in their director compensation plans.

Related Party Transactions

• The stock issuance to Richard L. Markee in lieu of a retainer payment is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates