Form 4: Hanesbrands Director Mark Irvin Deferrals Shares into Stock Equivalent Account

Director Mark Irvin deferred 25,015 shares of Hanesbrands Inc. common stock into a stock equivalent account under the company's Non-Employee Director Deferred Compensation Plan.

Summary

• On February 28, 2024, Mark A. Irvin, a director of Hanesbrands Inc., deferred 25,015 shares of Hanesbrands Inc. common stock.
• This deferral was related to the vesting of restricted stock units granted on February 28, 2023.
• The deferred amount was invested in a stock equivalent account (the 'HBI Stock Fund') under the Hanesbrands Inc. Non-Employee Director Deferred Compensation Plan.
• Following the transaction, Irvin beneficially owns 33,477 shares of common stock directly.
• Irvin also owns 25,015 derivative securities (Phantom Stock) through the HBI Stock Fund.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The HBI Stock Fund balances are settled on a share-for-share basis in shares of Hanesbrands Inc. common stock, with distribution dates varying based on the timing of the deferrals and the director's separation from service.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common for publicly traded companies. It reflects the director's participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily involves internal accounting for deferred compensation.

Key Dates