Form 4: Hanesbrands Inc. Executive Faircloth Reports Stock Transaction

Michael E. Faircloth, an executive at Hanesbrands Inc., reports the withholding of shares to cover taxes upon vesting of a performance share award.

Summary

• On March 3, 2025, Michael E. Faircloth, an EVP and President of Global Operations at Hanesbrands Inc., had 12,358 shares of common stock withheld to cover taxes.
• This was due to the vesting of a performance share award originally granted on January 24, 2022.
• The shares were withheld at a price of $6.03 per share, based on the closing price of Hanesbrands Inc. common stock on February 28, 2025.
• Following the transaction, Faircloth directly owns 622,968 shares of Hanesbrands Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing regarding a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of stock awards.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices are generally in line with industry standards for executive compensation.
• Comparable companies like Gildan Activewear and PVH Corp also utilize stock-based compensation as part of their executive pay packages.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard procedure related to executive compensation.
• Employees may be indirectly affected by the company's overall performance, which is influenced by executive incentives.

Key Dates

Keywords

Hanesbrands Inc., Faircloth, Stock Transaction, Form 4, Beneficial Ownership, Executive Compensation, Vesting, Shares, HBI