Form 4: Genesco Inc. Executive Baxter Brently G. Reports Stock Transaction
SEC Form 4 Filing
VP & Chief Accounting Officer of Genesco Inc., Baxter Brently G., reports disposition of 742 common stock shares to cover tax obligations.
Summary
- On June 28, 2024, Baxter Brently G., VP & Chief Accounting Officer of Genesco Inc., reported a transaction involving the disposition of 742 shares of common stock.
- The shares were disposed of to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.
- The transaction price was $25.86 per share.
- Following the transaction, Baxter Brently G. beneficially owns 16,351 shares of Genesco Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance. This transaction is a routine tax obligation fulfillment.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock transaction |
| 07/01/2024 | Date of signature by Attorney-in-Fact |
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