Form 4: Foot Locker EVP Cynthia Carlisle Reports Stock Transaction

Cynthia Carlisle, EVP & Chief HR Officer of Foot Locker, reports the withholding of shares for tax liability related to vesting restricted stock units.

Summary

• On March 11, 2025, Cynthia Carlisle, EVP & Chief HR Officer of Foot Locker, had 2,285 shares of common stock withheld to cover tax liabilities.
• This was in connection with the vesting of previously reported restricted stock units.
• The shares were withheld at a price of $16.22 per share.
• Following the transaction, Carlisle directly owns 18,888 shares of Foot Locker common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding a routine stock transaction, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation practices, including the granting and vesting of restricted stock units, are standard across publicly traded companies.
• The reporting of these transactions via Form 4 is a regulatory requirement to ensure transparency in insider trading.
• Comparable companies in the retail sector, such as Nike (NKE) and Adidas (ADS), also have similar executive compensation and reporting practices.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes rather than a market sale.

Key Dates