Form 4: Genesco SVP Scott Becker Reports Routine Tax Withholding on Restricted Stock Vesting

Genesco Inc.'s Senior Vice President, Secretary, and General Counsel, Scott E. Becker, reported the disposition of 1,091 shares of common stock at $20.75 per share to cover tax withholding obligations related to the vesting of restricted stock.

Summary

• Scott E. Becker, the Senior Vice President, Secretary, and General Counsel of Genesco Inc. (GCO), reported a transaction on June 27, 2025.
• The transaction involved the disposition of 1,091 shares of Genesco Common Stock.
• The shares were disposed of at a price of $20.75 per share.
• This disposition was specifically for shares withheld to satisfy minimum tax withholding liability.
• The tax withholding occurred upon the vesting of restricted stock previously granted under the company's Third Amended and Restated 2020 Equity Incentive Plan.
• Following this transaction, Scott E. Becker beneficially owns 60,263 shares of Genesco Common Stock directly.

Sentiment

Score: 6

Explanation: While shares were disposed, it was for a routine tax withholding purpose, indicating the vesting of restricted stock, which is a positive event for the executive. The executive retains a substantial holding.

Positives

• The transaction indicates the vesting of restricted stock, which is a positive event for the executive as it represents earned compensation.
• The executive continues to hold a significant number of shares (60,263), indicating continued alignment with shareholder interests.

Negatives

• A disposition of shares occurred, although it was for tax purposes and not a discretionary sale.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation. Such transactions are common across all industries when restricted stock awards vest, reflecting standard compensation practices for senior executives.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition by an executive, unlikely to have a significant direct impact on share price or company strategy. It confirms the executive's continued equity ownership.
• Employees: The vesting of restricted stock is a common form of executive compensation, aligning executive interests with company performance.

Key Dates

Keywords

Genesco Inc., GCO, Form 4, Insider Transaction, Restricted Stock, Stock Vesting, Tax Withholding, Executive Compensation, Scott E. Becker, Common Stock