Form 4: Genesco CFO Thomas George Reports Tax Withholding Transaction
SEC Form 4 Filing
Thomas George, CFO of Genesco Inc., reports the withholding of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 31, 2024, Thomas George, the Senior VP-Finance and CFO of Genesco Inc., reported a transaction involving common stock.
- A total of 3,081 shares were disposed of to cover minimum tax withholding liabilities upon the vesting of restricted stock.
- The price per share was $28.14.
- Following the transaction, George directly owns 28,321 shares of Genesco Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral reporting event.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 2022-09-26 | Date of Power of Attorney execution. |
| 2024-03-31 | Date of stock transaction (tax withholding). |
| 2024-04-01 | Date of signature for the Form 4 filing. |
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