Form 4: Hanesbrands Director Acquires Shares Through Deferred Compensation Plan

Hanesbrands director Robert F. Moran acquired 9,520 shares of common stock through a distribution from the company's Non-Employee Director Deferred Compensation Plan.

Summary

• Robert F. Moran, a director at Hanesbrands Inc., acquired 9,520 shares of common stock on December 12, 2024.
• The shares were distributed from the Hanesbrands Inc. Non-Employee Director Deferred Compensation Plan.
• These shares were part of a stock equivalent account within the plan, known as the HBI Stock Fund.
• The director now directly owns 122,893 shares of Hanesbrands Inc. common stock.
• The HBI Stock Fund balance is settled on a share-for-share basis with Hanesbrands Inc. common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine part of a director's compensation and indicates confidence in the company, but it is not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company.
• The deferred compensation plan allows directors to accumulate shares over time, aligning their interests with shareholders.

Industry Context

This is a standard transaction for directors participating in deferred compensation plans, and is common practice in publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in publicly traded companies, aligning their interests with shareholders.
• The share-for-share settlement of the HBI Stock Fund is a typical mechanism for such plans.
• Similar transactions can be seen in filings from other apparel companies such as Gildan Activewear and PVH Corp.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows director confidence in the company.

Key Dates

Keywords

Hanesbrands, Director, Stock Acquisition, Deferred Compensation, HBI Stock Fund, Share Ownership