Form 4: Foot Locker Director Ulice Payne Jr. Reports Transaction in Phantom Stock Units and Common Stock
SEC Filing
Director Ulice Payne Jr. reports acquisition of phantom stock units and disposition of common stock, including shares received from vesting restricted stock units.
Summary
- Ulice Payne Jr., a director of Foot Locker, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 21, 2024, Payne acquired 3,492 phantom stock units.
- Also on May 21, 2024, Payne disposed of 19,401 shares of common stock.
- This includes 1,925 shares received on vesting of previously reported restricted stock units, which vested on May 21, 2024.
- Following these transactions, Payne beneficially owns 10,821.8632 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of earliest transaction: acquisition of phantom stock units and disposition of common stock, including vesting of restricted stock units. |
| 05/22/2024 | Date of signature by Attorney-in-Fact. |
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