Form 4: Genesco Inc. Executive Scott E. Becker Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Scott E. Becker, SVP, Secretary & General Counsel of Genesco Inc., reports the disposition of 2,410 shares of common stock to cover tax obligations upon vesting of restricted stock.
Summary
- On June 28, 2024, Scott E. Becker, a Senior Vice President, Secretary, and General Counsel at Genesco Inc. (GCO), reported a transaction involving the disposition of company stock.
- The transaction involved the withholding of 2,410 shares of common stock to satisfy minimum tax withholding liabilities.
- This action was related to the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.
- Following the transaction, Becker directly owns 54,008 shares of Genesco Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax withholding.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock transaction (disposition of shares). |
| 07/01/2024 | Date of signature on the report. |
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