Form 4: Franklin Covey Director Reports Equity Transactions

Franklin Covey Director Robert A. Whitman reported recent acquisitions and dispositions of common shares related to long-term incentive plan awards.

Summary

• Director Robert A. Whitman reported changes in beneficial ownership of Franklin Covey Co. common shares.
• On November 10, 2022, Whitman acquired 4,992 common shares at a price of $0, as part of the FY23 B.LTIP Time Vested FY25 program.
• On November 21, 2025, Whitman acquired 14,151 common shares at a price of $0, related to FY23 LTIP Performance Awards.
• Also on November 21, 2025, Whitman disposed of 6,858 common shares at $15.13 and 2,207 common shares at $19.56. These dispositions were related to FY23 LTIP Time Vested awards, typically for tax withholding purposes upon vesting.
• Following these reported transactions, Whitman beneficially owns a total of 707,033 common shares directly.

Sentiment

Score: 5

Explanation: This is a routine insider transaction report (Form 4) detailing equity awards and related tax dispositions. It does not contain information that would significantly alter the company's fundamental outlook or market sentiment.

Positives

• Acquisition of 4,992 common shares on November 10, 2022, as part of a long-term incentive plan, aligning director interests with shareholders.
• Acquisition of 14,151 common shares on November 21, 2025, through FY23 LTIP Performance Awards, indicating achievement of performance targets.

Negatives

• Disposition of 6,858 common shares at $15.13 and 2,207 common shares at $19.56 on November 21, 2025, likely for tax withholding, which reduces direct beneficial ownership.

Stakeholder Impact

• Shareholders: The report indicates a director's continued participation in equity incentive plans, aligning their interests with long-term shareholder value, despite some dispositions for tax purposes.

Key Dates

Keywords

Franklin Covey, FC, Insider Trading, Form 4, Director, Equity Awards, LTIP, Stock Transactions, Beneficial Ownership