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

Director Richard L. Markee acquired 317 shares of Five Below, Inc. common stock on August 5, 2024, in lieu of a quarterly retainer payment.

Summary

• On August 5, 2024, Richard L. Markee, a director of Five Below, Inc., acquired 317 shares of common stock.
• The acquisition was made in lieu of a quarterly retainer payment of $21,344.17, 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, Markee directly owns 13,691 shares of Five Below, Inc.

Sentiment

Score: 7

Explanation: The document indicates a director's continued investment in the company, which is generally viewed positively. The method of compensation is fairly standard.

Positives

• Director's acquisition of shares demonstrates confidence in the company.

Industry Context

Directors receiving shares in lieu of cash compensation is a fairly common practice, particularly for smaller companies or those looking to conserve cash. It aligns the director's interests with those of shareholders.

Comparison to Industry Standards

• Comparing Five Below's director compensation structure to similar retailers like Dollar General or Target would provide a benchmark for evaluating the competitiveness and appropriateness of the compensation policy.
• Analyzing the percentage of director compensation paid in equity versus cash across the retail sector would offer further context.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares positively, as it aligns their interests with the company's performance.
• The compensation policy impacts the company's cash flow and equity structure.

Key Dates