Form 4: Hanesbrands Director Colin Browne Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Director Colin Browne disposed of 13,843 shares of Hanesbrands Inc. to cover tax obligations related to vesting restricted stock units.
Summary
- On January 30, 2025, Colin Browne, a director of Hanesbrands Inc., disposed of 13,843 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $8.07 per share.
- Following the transaction, Browne directly owns 19,634 shares of Hanesbrands Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company directors to dispose of shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 01/29/2024 | Date restricted stock units were originally granted to the Reporting Person |
| 01/30/2025 | Date of transaction (stock disposal for tax obligations) |
| 02/03/2025 | Date of signature on the Form 4 filing |
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