Form 4: Flowers Foods CEO Sells Shares for Tax Obligations

Flowers Foods Chairman and CEO Ryals McMullian reported the disposition of 21,430 shares of common stock on January 5, 2026, to cover tax liabilities.

Summary

• Ryals McMullian, Chairman and CEO of Flowers Foods Inc. (FLO), reported a disposition of common stock.
• A total of 21,430 shares of common stock were disposed of in two separate transactions on January 5, 2026.
• The shares were disposed of at a price of $10.32 per share, totaling approximately $221,193.60.
• The transaction code 'F' indicates the disposition was for the payment of tax liability by delivering or withholding securities.
• Following these transactions, McMullian directly beneficially owns 1,312,558.281 shares of common stock.
• Indirect beneficial ownership includes 7,159.54 shares in a 401(k) plan, 22,088 shares by a spouse, 126,382.7985 shares by trusts for minor children, and 1,022,380 shares by Dellwood-McMullian Holdings, LLC.
• Beneficial ownership is disclaimed for shares held by the spouse, trusts for minor children, and Dellwood-McMullian Holdings, LLC, as McMullian does not have investment authority or voting/dispositive power over these shares.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled disposition of shares to cover tax liabilities, which is a common practice for executives and generally considered neutral in terms of market sentiment.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Indirect holdings include 22,088 shares held by Ryals McMullian's spouse, for which beneficial ownership is disclaimed.
• Indirect holdings include 126,382.7985 shares held in irrevocable trusts for minor children, for which beneficial ownership is disclaimed due to lack of investment authority or voting/dispositive power.
• Indirect holdings include 1,022,380 shares held by Dellwood-McMullian Holdings, LLC, where Ryals McMullian is a trustee and beneficiary of a trust owning 50% of Class B (Nonvoting) Membership Units, but disclaims beneficial ownership due to no investment authority or voting/dispositive power over the shares.

Stakeholder Impact

• Shareholders: The disposition is a routine tax-related sale by a key executive and is unlikely to have a significant impact on the company's share price or long-term value.

Key Dates

Keywords

FLOWERS FOODS, FLO, Form 4, insider transaction, share sale, CEO, Ryals McMullian, tax liability