Form 4: Foot Locker Director Dona D. Young Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dona D. Young, a director at Foot Locker, filed a Form 4 disclosing the acquisition of phantom stock units and indirect disposition of common stock held in trust.
Summary
- On May 21, 2024, Dona D. Young, a director and Non-Executive Chair at Foot Locker, reported changes in beneficial ownership.
- She acquired 3,492 phantom stock units at a price of $0.
- She indirectly disposed of 50,651 shares of common stock held by a trust.
- Following these transactions, she beneficially owns 96,818.753 shares of common stock indirectly through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The phantom stock units vest in one year and will be settled in stock following the reporting person's termination of service as a director.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of earliest transaction (acquisition of phantom stock units and disposition of common stock). |
| 05/21/2024 | Effective date of the Power of Attorney. |
| 05/22/2024 | Date of signature by Attorney-in-Fact. |
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