Form 4: Hanesbrands CFO Markland Scott Lewis Reports Routine Stock Withholding for Tax Purposes
Insider Transaction Report
Hanesbrands Inc.'s Chief Financial Officer, Markland Scott Lewis, reported the withholding of 9,352 shares of common stock valued at $4.73 per share to cover tax obligations related to the vesting of restricted stock units.
Summary
- Markland Scott Lewis, Chief Financial Officer and Chief Accounting Officer of Hanesbrands Inc. (HBI), reported a transaction on July 11, 2025.
- The transaction involved the disposition of 9,352 shares of Hanesbrands common stock.
- These shares were withheld to satisfy tax liabilities upon the vesting of restricted stock units originally granted on July 10, 2023.
- The shares were valued at $4.73 per share, based on the closing price on July 10, 2025.
- Following this transaction, Markland Scott Lewis directly beneficially owns 569,454 shares of common stock.
- Additionally, 2,102 shares are indirectly owned through a 401(k) plan.
Sentiment
Score: 6
Explanation: The document reports a routine, non-discretionary insider transaction (tax withholding upon RSU vesting), which is a neutral event. The underlying RSU vesting is positive for the executive, but the transaction itself is a compliance requirement.
Positives
- The transaction stems from the vesting of restricted stock units, indicating the executive is receiving previously granted equity compensation.
Negatives
- Disposition of 9,352 shares of common stock, though for tax purposes rather than a discretionary sale.
Future Outlook
N/A
Management Comments
- Markland Scott Lewis holds the titles of Chief Financial Officer and Chief Accounting Officer at Hanesbrands Inc.
Industry Context
N/A
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale indicating a change in management's confidence.
- Employees: No direct impact beyond the executive involved.
Key Dates
| Date | Description |
|---|---|
| 07/10/2023 | Original grant date of restricted stock units to Markland Scott Lewis. |
| 07/10/2025 | Date on which the closing price of Hanesbrands Inc. common stock was determined for tax withholding purposes. |
| 07/11/2025 | Transaction date for the withholding of shares to pay taxes upon vesting of restricted stock units. |
| 07/15/2025 | Filing date of the Form 4 statement. |
Keywords
Hanesbrands Inc., HBI, Markland Scott Lewis, Form 4, insider transaction, stock withholding, executive compensation, restricted stock units, tax payment
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.