Form 4: Guess? Inc. Executive Fabrice Benarouche Reports Changes in Beneficial Ownership

Fabrice Benarouche, SVP Finance and IR, CAO of Guess? Inc., reports acquisition and disposal of common stock and adjustments to beneficial ownership.

Summary

• On March 29, 2024, Fabrice Benarouche, SVP Finance and IR, CAO of Guess? Inc., reported changes in beneficial ownership of the company's common stock.
• Benarouche acquired 6,454 shares of common stock pursuant to the issuer's employee equity plan upon achievement of previously established performance criteria at a price of $0.
• He also acquired 300 shares pursuant to the issuer's equity plan at a price of $0.
• Additionally, 546 shares were disposed of at a price of $31.47.
• Following these transactions, Benarouche directly owns 105,122 shares and indirectly owns 458 shares through his spouse.
• The direct holdings include 662 shares acquired under a tax-conditioned plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of shares through the equity plan is mildly positive, while the disposal is mildly negative, balancing out overall.

Positives

• Acquisition of shares through the employee equity plan suggests confidence in the company's performance.

Negatives

• The disposal of 546 shares could be interpreted negatively, although the quantity is small relative to the total holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is typical for executives to receive and trade company stock as part of their compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholder sentiment, depending on how they interpret the insider's actions.

Key Dates