Form 4: Hanesbrands CFO Lewis Markland Scott Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer Lewis Markland Scott of Hanesbrands Inc. reports the withholding of 2,907 common stock shares to cover tax obligations related to a previously granted performance share award.
Summary
- On March 3, 2025, Lewis Markland Scott, the Chief Financial Officer and Chief Accounting Officer of Hanesbrands Inc., reported a transaction involving the withholding of 2,907 shares of common stock.
- These shares were withheld to cover tax obligations arising from the vesting of a performance share award granted on January 24, 2022.
- The withholding price was $6.03 per share, determined based on the closing price of Hanesbrands Inc. common stock on February 28, 2025.
- Following the transaction, Scott directly owns 341,998 shares and indirectly owns 2,113 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2022-01-24 | Original grant date of the performance share award. |
| 2025-02-28 | Date used to determine the closing price of Hanesbrands Inc. common stock for share withholding ($6.03). |
| 2025-03-03 | Date of the share withholding transaction. |
| 2025-03-05 | Date of signature on the Form 4 filing. |
Keywords
Hanesbrands, Lewis Markland Scott, CFO, Chief Financial Officer, Form 4, Share Withholding, Tax Obligations, Performance Share Award, Beneficial Ownership, HBI
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.