Form 4: Hanesbrands Inc. Executive Faircloth Reports Stock Transaction
SEC Form 4 Filing
Michael E. Faircloth, an executive at Hanesbrands Inc., reports a transaction involving the withholding of shares to cover taxes upon the vesting of restricted stock units.
Summary
- On March 27, 2025, Michael E. Faircloth, EVP, President, Global Operations of Hanesbrands Inc., had 14,873 shares of common stock withheld to cover taxes.
- This withholding occurred upon the vesting of restricted stock units originally granted on March 26, 2024.
- The shares were withheld at a price of $5.9.
- Following the transaction, Faircloth beneficially owns 861,046 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Original grant date of restricted stock units. |
| 03/27/2025 | Date of transaction (stock withholding for taxes). |
| 03/31/2025 | Date of signature on the Form 4 filing. |
Keywords
Hanesbrands Inc., Faircloth, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Form 4, Executive Compensation
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