Form 4: Hanesbrands CFO Sells Shares to Cover Tax Obligations
SEC Form 4
Chief Financial Officer Markland Scott Lewis disposed of shares of Hanesbrands Inc. to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 27, 2025, Markland Scott Lewis, the Chief Financial Officer and Chief Accounting Officer of Hanesbrands Inc., disposed of 16,143 shares of common stock to cover tax obligations.
- The shares were withheld to pay taxes upon the vesting of restricted stock units originally granted on March 26, 2024.
- The price per share for the transaction was $5.9.
- Following the transaction, Lewis directly owns 578,806 shares and indirectly owns 2,113 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date restricted stock units were originally granted to the Reporting Person |
| 03/27/2025 | Date of transaction (disposal of shares) |
| 03/31/2025 | Date of signature for the Form 4 filing |
Keywords
Hanesbrands, Insider Trading, Form 4, Stock Sale, Tax Obligations, Executive Compensation, Lewis, CFO, HBI
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