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

Chief Financial Officer Lewis Markland Scott reports disposals of Hanesbrands Inc. common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On January 29, 2025, Lewis Markland Scott, CFO of Hanesbrands Inc., disposed of 2,208 shares of common stock at $8.6 to cover taxes upon vesting of restricted stock units granted on January 23, 2023.
• Additionally, Scott disposed of 1,154 shares of common stock at $8.35 to cover taxes upon vesting of restricted stock units granted on January 24, 2022.
• Following these transactions, Scott directly owns 269,847 shares of Hanesbrands Inc. common stock and indirectly owns 2,099 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, which is a routine event.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates