Form 4: Hanesbrands CEO Stephen Bratspies Reports Stock Transactions
SEC Form 4 Filing
Hanesbrands CEO Stephen Bratspies reports the withholding of common stock to cover taxes upon the vesting of restricted stock units.
Summary
- Stephen Bratspies, CEO of Hanesbrands Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 29, 2025, shares of common stock were withheld to cover tax obligations related to vesting restricted stock units.
- 68,078 shares were withheld at a price of $8.6 related to units granted on January 23, 2023.
- 35,344 shares were withheld at a price of $8.35 related to units granted on January 24, 2022.
- Following these transactions, Bratspies directly owns 1,379,430 shares and indirectly owns 123,754 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures, so it doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| January 24, 2022 | Date of original grant of restricted stock units related to one of the tax withholding events. |
| January 23, 2023 | Date of original grant of restricted stock units related to one of the tax withholding events. |
| January 29, 2025 | Date of the stock transactions (tax withholding). |
| January 31, 2025 | Date of the form filing. |
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