Form 4: Hanesbrands Director Deferrs Stock Units into Stock Equivalent Account

A Hanesbrands director, Geralyn Breig, deferred 33,477 shares of common stock into a stock equivalent account under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• Geralyn Breig, a director at Hanesbrands Inc., deferred 33,477 shares of common stock.
• The deferral occurred on January 29, 2025, following the vesting of restricted stock units granted on January 29, 2024.
• The deferred shares were placed into a stock equivalent account, the HBI Stock Fund, within the company's Non-Employee Director Deferred Compensation Plan.
• The HBI Stock Fund balance is settled on a share-for-share basis in Hanesbrands Inc. common stock.
• The settlement of the deferred shares will occur at a future date, based on the terms of the plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. The deferral of shares is a neutral event from an investment perspective.

Positives

• The deferral of shares into the HBI Stock Fund demonstrates a director's continued alignment with the long-term performance of Hanesbrands Inc.

Future Outlook

The deferred shares will be settled at a future date according to the terms of the Hanesbrands Inc. Non-Employee Director Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of a director's stock transaction and is typical for publicly traded companies with deferred compensation plans for directors.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including peers such as Gildan Activewear and Fruit of the Loom.
• The deferral of stock units into a stock equivalent account is a standard mechanism used in these plans to align director compensation with company performance.
• The specific terms of the Hanesbrands plan, such as the vesting schedule and settlement dates, are likely comparable to those of other companies in the apparel industry.

Stakeholder Impact

• The deferral of shares by a director may be viewed positively by shareholders as it aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Hanesbrands, Director, Stock Deferral, Deferred Compensation, HBI Stock Fund, Restricted Stock Units, Geralyn Breig