Form 4: Foot Locker Director Steven Oakland Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Steven Oakland reports acquisition of phantom stock units and disposition of common stock.
Summary
- Steven Oakland, a director of Foot Locker, Inc., filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of the company's securities.
- On May 21, 2024, Oakland acquired 3,492 phantom stock units at a price of $0.
- On the same day, he disposed of 19,119 shares of common stock.
- Following these transactions, Oakland beneficially owns 21,026.8609 shares.
- A Power of Attorney was executed, appointing Erin Conway, Yevgeniya Grafman, and Grace Yu as attorneys-in-fact to handle SEC filings on Oakland's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- Shareholders are informed about the trading activity of a company director.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: acquisition of phantom stock units and disposition of common stock. |
| 05/21/2024 | Effective date of Power of Attorney. |
| 05/22/2024 | Date of signature by Attorney-in-Fact. |
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