Form 4: Hanesbrands Executive Kristin Oliver Reports Acquisition of Common Stock and Restricted Stock Units
SEC Form 4 Filing
Kristin Oliver, EVP, Chief Human Resources Officer & Chief Legal Officer of Hanesbrands Inc., reports the acquisition of common stock and restricted stock units.
Summary
- Kristin Oliver, an executive at Hanesbrands Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 28, 2025, Oliver acquired 60,096 restricted stock units, vesting in three installments starting January 28, 2026.
- Oliver also acquired 21,670 shares of common stock related to a performance share award (PSA) granted on January 24, 2022, which will be settled on February 28, 2025.
- Following these transactions, Oliver beneficially owns 287,716 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, so the sentiment is neutral.
Industry Context
Executive stock ownership is a common practice in publicly traded companies like Hanesbrands to align management's interests with those of shareholders.
Stakeholder Impact
- The increase in executive stock ownership could be viewed positively by shareholders as it aligns management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| January 24, 2022 | Date of original grant of performance share award (PSA). |
| December 31, 2022 | End of first performance period for PSA. |
| December 30, 2023 | End of second performance period for PSA. |
| December 28, 2024 | End of third performance period for PSA. |
| January 28, 2025 | Date of transaction and determination of PSA shares based on performance metrics. |
| January 28, 2026 | First vesting date (33%) for restricted stock units. |
| January 28, 2027 | Second vesting date (33%) for restricted stock units. |
| January 28, 2028 | Final vesting date (34%) for restricted stock units. |
| February 28, 2025 | Settlement date for the performance share award (PSA). |
| February 04, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Hanesbrands Inc., Kristin Oliver, Restricted Stock Units, Common Stock, Performance Share Award, Executive Compensation
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