Form 4: Five Below Director Richard L. Markee Acquires Additional Shares in Lieu of Retainer
SEC Form 4 Filing
Director Richard L. Markee acquired 233 shares of Five Below, Inc. common stock on November 4, 2024, in lieu of a portion of his quarterly retainer.
Summary
- On November 4, 2024, Richard L. Markee, a director of Five Below, Inc., acquired 233 shares of common stock.
- The acquisition was made in lieu of a quarterly retainer payment of $22,500, less applicable tax withholdings, as per the company's compensation policy for non-employee directors.
- The price per share was $95.
- Following the transaction, Markee directly owns 13,924 shares of Five Below, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director increasing their stake is a mildly positive signal.
Positives
- A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock as part of their compensation.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a director.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of transaction: Richard L. Markee acquired 233 shares of Five Below, Inc. common stock. |
| 11/05/2024 | Date of signature: The Form 4 was signed on November 5, 2024. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.