Form 4: Hanesbrands CFO Lewis Markland Scott Reports Stock Disposal for Tax Obligations

Hanesbrands CFO Lewis Markland Scott disposed of 6,195 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On July 11, 2024, Lewis Markland Scott, CFO of Hanesbrands Inc., disposed of 6,195 shares of common stock to cover tax obligations.
• The shares were withheld to pay taxes upon the vesting of restricted stock units granted on July 10, 2023.
• The price per share was $4.74.
• Following the transaction, Scott directly owns 273,209 shares of Hanesbrands Inc.
• Scott also indirectly owns 2,159 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The disposal of shares to cover tax obligations is a standard practice.

Comparison to Industry Standards

• Executive compensation practices, including the granting and vesting of restricted stock units, are common across publicly traded companies.
• Companies like Gildan Activewear, Under Armour, and PVH Corp. also utilize similar compensation structures for their executives.
• The amount of shares disposed of for tax obligations is dependent on the individual's tax bracket and the value of the vested shares, making direct comparisons difficult without further information.

Key Dates