Form 4: Genesco Inc. Senior VP Andrew Gray Reports Stock Transaction
SEC Form 4 Filing
Senior Vice President Andrew Gray of Genesco Inc. reports the disposition of 1,951 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On January 10, 2025, Andrew Gray, Senior VP of Genesco Inc., disposed of 1,951 shares of common stock.
- The transaction was executed to cover minimum tax withholding liabilities upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.
- The price per share was $41.32.
- Following the transaction, Gray directly owns 59,972 shares of Genesco Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations. It's a standard procedure and doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
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 |
|---|---|
| 01/10/2025 | Date of stock transaction (disposal of shares). |
| 01/13/2025 | Date of signature for the Form 4 filing. |
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