Form 4: Five Below Director Dinesh S. Lathi Acquires Shares in Lieu of Quarterly Retainer

Director Dinesh S. Lathi acquired 439 shares of Five Below, Inc. common stock on August 5, 2024, in lieu of a portion of his quarterly retainer payment.

Summary

• On August 5, 2024, Dinesh S. Lathi, a director of Five Below, Inc., acquired 439 shares of common stock.
• The acquisition was made in lieu of a quarterly retainer payment of $29,538.14, less applicable tax withholdings, as part of the Five Below, Inc. Compensation Policy for Non-Employee Directors.
• The price per share was $67.22.
• Following the transaction, Lathi directly owns 10,109 shares of Five Below, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard compensation practice and director's continued investment in the company.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The compensation policy for non-employee directors allows for flexibility in payment.

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.
• Companies like Target and Walmart also use a mix of cash and equity for director compensation.
• The specific amount and structure depend on factors such as company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The compensation policy impacts non-employee directors by providing them with equity in the company.

Key Dates