Form 4: Foot Locker EVP Michael Baughn Reports Share Withholding for Tax Liability

Michael Baughn, EVP & Chief Financial Officer of Foot Locker, reports the withholding of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On March 27, 2025, Michael Baughn, the EVP & Chief Financial Officer of Foot Locker, had shares withheld to cover tax liabilities.
• This was in connection with the vesting of a previously reported award of restricted stock units.
• A total of 4,531 shares of common stock were withheld at a price of $15.27 per share.
• Following the transaction, Baughn directly owns 117,327 shares of Foot Locker common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.

Key Dates

Keywords

Form 4, Foot Locker, Michael Baughn, Share Withholding, Tax Liability, Restricted Stock Units, Beneficial Ownership, EVP, CFO