Form 4: Floor & Decor President Trevor Lang Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Trevor Lang, President of Floor & Decor Holdings, Inc., disposed of 165 shares of Class A common stock to satisfy tax withholding obligations upon the vesting of restricted stock units.
Summary
- On August 8, 2024, Trevor Lang, President of Floor & Decor Holdings, Inc., disposed of 165 shares of Class A common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $98.85 per share.
- Following the transaction, Lang directly owns 170,397 shares of Class A common stock.
- Lang also indirectly owns 942 shares through The Lang Family 2022 Gift Trust U/A/D 09/15/2022 and 642 shares each by his two daughters.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction for covering tax obligations and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction where Trevor Lang disposed of shares. |
| 08/12/2024 | Date of signature on the Form 4 filing. |
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