Form 4: Five Below Director Richard L. Markee Acquires Shares in Lieu of Retainer
SEC Form 4 Filing
Director Richard L. Markee acquired 270 shares of Five Below, Inc. common stock on May 5, 2025, in lieu of a quarterly retainer payment.
Summary
- On May 5, 2025, Richard L. Markee, a director of Five Below, Inc., acquired 270 shares of common stock.
- The acquisition was made in lieu of a $22,500 quarterly retainer payment, less applicable tax withholdings, as part of the company's Compensation Policy for Non-Employee Directors.
- The price per share was $82.79.
- Following the transaction, Markee directly owns 14,436 shares of Five Below, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. A director taking shares in lieu of cash shows confidence in the company's future and aligns interests with shareholders.
Positives
- The acquisition reflects continued director alignment with company performance.
Industry Context
Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly among growth companies, as it helps conserve cash and aligns director interests with shareholder value.
Comparison to Industry Standards
- Many companies, such as Target and Walmart, offer similar compensation packages to their non-employee directors, often including a mix of cash and stock.
- The specific amount and structure can vary based on company size, performance, and industry norms.
- For example, directors at larger companies may receive higher cash retainers and larger stock grants.
Stakeholder Impact
- The transaction signals to shareholders that the director is invested in the company's success.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Richard L. Markee acquired 270 shares of Five Below, Inc. common stock. |
| 05/07/2025 | Date of signature: Form 4 signed by Ronald J. Masciantonio as Attorney-In-Fact for Richard L. Markee. |
Keywords
Form 4, Director, Share Acquisition, Richard L. Markee, Five Below, Compensation Policy, Common Stock
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