Form 4: Genesco Inc. Executive Parag Desai Reports Share Transaction
SEC Form 4 Filing
Parag Desai, Sr VP-Chief Strat & Dig Off at Genesco Inc., reports the withholding of 1,128 common stock shares to cover tax liabilities.
Summary
- On March 24, 2024, Parag Desai, a Senior Vice President at Genesco Inc., had 1,128 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $26.86 per share.
- Following the transaction, Desai directly owns 87,082 shares of Genesco Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not contain any information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 2020-11-10 | Date of Power of Attorney execution. |
| 2024-03-24 | Date of the share transaction (tax withholding). |
| 2024-03-25 | Date of signature by Attorney-in-Fact. |
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