Form 4: Hanesbrands Executive Settles Phantom Stock
Insider Transaction Report
Joseph W. Cavaliere, President of Innerwear Global at Hanesbrands Inc., settled 434 units of phantom stock for cash.
Summary
- Joseph W. Cavaliere, President, Innerwear Global, at Hanesbrands Inc. (HBI), reported a disposition of derivative securities.
- The transaction involved 434 units of phantom stock, which represent a hypothetical investment in Hanesbrands Inc. common stock under the Supplemental Employee Retirement Plan.
- The disposition was a cash settlement based on the value of Hanesbrands Inc. common stock at $8.03 per share equivalent.
- Following this transaction, Cavaliere beneficially owns 0 derivative securities of this type.
- The settlement date for the cash value was January 2, 2025, with the transaction reported as of September 26, 2025.
Sentiment
Score: 5
Explanation: This is a neutral, routine insider transaction filing (Form 4) reporting the settlement of phantom stock. It provides no positive or negative operational or financial news for the company.
Future Outlook
This is a routine disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing is a standard insider transaction report and does not provide insights into broader industry trends or competitive landscape within the apparel or consumer goods sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Joseph W. Cavaliere granted a Power of Attorney to Stephen B. Bratspies, M. Scott Lewis, Virginia Piekarski, and Carlyle Cromer to sign and file SEC Forms 3, 4, 5, and 144 on his behalf. This streamlines compliance for insider reporting. | 2025-09-08 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions by allowing designated attorneys-in-fact to execute filings. |
Stakeholder Impact
- Shareholders: Provides transparency regarding executive compensation and stock ownership changes, which is standard for public companies.
Key Dates
| Date | Description |
|---|---|
| 2025-01-02 | Valuation date for cash settlement of phantom stock. |
| 2025-09-08 | Date Joseph W. Cavaliere executed the Power of Attorney. |
| 2025-09-26 | Transaction date for the disposition of phantom stock. |
| 2025-10-01 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Hanesbrands Inc., HBI, Joseph W. Cavaliere, Insider Trading, Form 4, Phantom Stock, Executive Compensation, Stock Settlement
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