Form 4: Foot Locker Director Darlene Nicosia Reports Phantom Stock Unit Acquisition and Common Stock Disposal
SEC Form 4 Filing
Director Darlene Nicosia reported acquiring phantom stock units and disposing of common stock in a recent SEC filing.
Summary
- Darlene Nicosia, a director of Foot Locker, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of 3,492 phantom stock units on May 21, 2024, at a price of $0.
- Nicosia also disposed of 7,181 shares of common stock.
- Following these transactions, Nicosia beneficially owns 16,475.5402 phantom stock units.
- The phantom stock units were granted as a result of electing to defer the receipt of restricted stock units under the Foot Locker 2007 Stock Incentive Plan.
- Awards vest in one year and will be settled in stock upon termination of service as a director.
- Nicosia has granted a Power of Attorney to Erin Conway, Yevgeniya Grafman, and Grace Yu to execute and file Forms 3, 4, and 5 on her behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting routine transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom stock units, to the extent vested, will be settled in stock following the reporting person's termination of service as a director.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It's a standard practice for directors and officers to report such activities.
Stakeholder Impact
- The transactions reported may provide insights to shareholders regarding the director's view on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of earliest transaction (acquisition of phantom stock units and disposal of common stock) and effective date of Power of Attorney. |
| 05/22/2024 | Date of signature by Attorney-in-Fact. |
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