Form 4: Foot Locker EVP Jennifer Kraft Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jennifer Kraft, EVP and General Counsel of Foot Locker, reports disposing of 4,015 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On July 5, 2024, Jennifer Kraft, EVP and General Counsel of Foot Locker, disposed of 4,015 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units.
- The price per share was $23.1.
- Following the transaction, Kraft directly owns 25,121 shares of Foot Locker common stock.
- Kraft has a power of attorney agreement in place, effective May 21, 2024, allowing Erin Conway, Yevgeniya Grafman, and Grace Yu to execute Forms 3, 4, and 5 on her behalf.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations from vested equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| May 21, 2024 | Effective date of the Power of Attorney agreement. |
| July 5, 2024 | Date of the stock disposal transaction. |
| July 8, 2024 | Date of signature on the Form 4 filing. |
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