Form 4: Flowers Foods CFO, Steve Kinsey, Reports Share Transactions

Flowers Foods' Chief Financial Officer, Steve Kinsey, reported the acquisition and disposal of company stock, including shares from a 401(k) plan and tax withholding.

Summary

• Steve Kinsey, the Chief Financial Officer of Flowers Foods, reported several transactions involving the company's common stock.
• On December 29, 2024, Mr. Kinsey acquired 17,680 shares of common stock at a price of $0, likely through a stock grant or similar mechanism.
• On January 5, 2025, 2,701 shares were disposed of at a price of $20.14 per share, likely to cover tax obligations.
• Following these transactions, Mr. Kinsey directly owns 462,269 shares of Flowers Foods common stock.
• Additionally, Mr. Kinsey indirectly owns 2,667.67 shares through a 401(k) plan and 4,043 shares through the Jackie S. Wooten Rev Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation and may sell shares to cover tax obligations.
• Similar filings are made by executives at comparable companies such as Campbell Soup Company (CPB) and Kellogg Company (K) when they trade their company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Flowers Foods, Stock Transactions, SEC Form 4, Insider Trading, Steve Kinsey, Chief Financial Officer, Share Ownership, 401k, Tax Withholding