Form 4: Hanesbrands CEO Settles Phantom Stock for Cash
Insider Transaction Report
Hanesbrands Inc. CEO Stephen B. Bratspies settled 1,299 units of phantom stock for cash, valued at $8.03 per unit, as part of his Supplemental Employee Retirement Plan.
Summary
- Stephen B. Bratspies, Chief Executive Officer and Director of Hanesbrands Inc., reported a change in his beneficial ownership of company securities.
- The transaction involved the disposition of 1,299 units of phantom stock.
- This phantom stock represented a hypothetical investment in Hanesbrands Inc. common stock under the company's Supplemental Employee Retirement Plan (the "Plan").
- The disposition reflects a settlement in cash based on the value of Hanesbrands Inc. common stock on January 2, 2025.
- Each unit of phantom stock was valued at $8.03 for the cash settlement.
- Following this reported transaction, Bratspies beneficially owns 0 derivative securities of this type.
- The number of share equivalents shown is an estimate because the interest in the Plan is denominated in units.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing reporting a planned executive compensation settlement, which is neither inherently positive nor negative for the company's immediate prospects or financial health.
Risks
- The number of share equivalents for the phantom stock is an estimate because the interest in the Supplemental Employee Retirement Plan is denominated in units.
Future Outlook
This filing reports a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing details a routine executive compensation settlement for an individual executive and does not provide information directly related to broader industry trends or competitive landscape analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Stephen B. Bratspies granted a Power of Attorney to M. Scott Lewis, Virginia Piekarski, and Carlyle Cromer, or any one of them, to sign and file SEC Forms 3, 4, 5, and 144 on his behalf. | 04/29/2025 | This grant streamlines the process for executive SEC filings, ensuring timely compliance with reporting requirements for insider transactions. |
Stakeholder Impact
- Shareholders: The filing reports a routine, pre-planned executive compensation settlement, which is unlikely to have a significant direct impact on shareholder value or company operations.
- Employees: The transaction is part of an executive's Supplemental Employee Retirement Plan, a standard component of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Valuation date for the cash settlement of phantom stock. |
| 04/29/2025 | Date Stephen B. Bratspies executed the Power of Attorney for SEC filings. |
| 09/26/2025 | Date of the reported transaction (disposition of phantom stock) and earliest transaction date for the filing. |
| 10/01/2025 | Signature date for the Form 4 filing. |
Keywords
Hanesbrands, HBI, Stephen Bratspies, Form 4, SEC filing, phantom stock, executive compensation, insider transaction, stock settlement, retirement plan
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