Form 4: Five Below CEO Joel Anderson Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Joel Anderson, President & CEO of Five Below, Inc., reported disposing of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On March 7, 2024, Joel D. Anderson, the President & CEO of Five Below, Inc., disposed of 1,814 shares of common stock at a price of $206.96.
- On March 9, 2024, Anderson disposed of 1,642 shares of common stock at a price of $204.82.
- These transactions were reported on a Form 4 filing with the SEC.
- Following these transactions, Anderson directly owns 59,853 shares of Five Below common stock.
- Anderson also has indirect ownership through a trust, spouse, spousal trust and GRATs.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Insider transactions are common and closely monitored, providing insights into management's perspective on the company's valuation and future prospects. Disposals to cover tax obligations are a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Joel Anderson disposed of 1,814 shares of Five Below common stock at $206.96 per share. |
| 03/09/2024 | Joel Anderson disposed of 1,642 shares of Five Below common stock at $204.82 per share. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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