Form 4: Guess Inc. Executive Fabrice Benarouche Reports Stock Transactions

Fabrice Benarouche, SVP Finance and IR, CAO at Guess Inc., reported the disposal of 3,227 common stock shares and 52 shares held indirectly by spouse to cover tax obligations.

Summary

• Fabrice Benarouche, a senior executive at Guess Inc., filed a Form 4 disclosing recent transactions involving the company's stock.
• On January 5, 2025, Mr. Benarouche disposed of 3,227 shares of common stock at a price of $14.15 per share.
• Additionally, 52 shares held indirectly by his spouse were also disposed of at the same price.
• These disposals were made to satisfy tax withholding obligations related to the vesting of an equity award.
• Following these transactions, Mr. Benarouche directly owns 102,168 shares and indirectly owns 406 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It does not indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly listed companies in the US.
• The transactions are typical for executives who receive equity compensation and need to cover tax obligations upon vesting.
• The number of shares disposed of is relatively small compared to the total shares owned by the executive.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term view of the company.

Key Dates

Keywords

Form 4, insider trading, stock disposal, equity award, tax withholding, Guess Inc., Fabrice Benarouche