Form 4: Hanesbrands Inc. Executive Faircloth Reports Stock Transactions
SEC Form 4 Filing
Michael E. Faircloth, an executive at Hanesbrands Inc., reports the withholding of common stock to cover taxes upon the vesting of restricted stock units.
Summary
- On January 29, 2025, Michael E. Faircloth, EVP, President, Global Operations of Hanesbrands Inc., had shares of common stock withheld to cover tax obligations.
- 12,722 shares were withheld at a price of $8.6 related to restricted stock units granted on January 23, 2023, leaving him with 541,235 shares.
- An additional 6,303 shares were withheld at a price of $8.35 related to restricted stock units granted on January 24, 2022, resulting in a total of 534,932 shares held after the transaction.
Sentiment
Score: 5
Explanation: This is a neutral filing regarding stock transactions 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 stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 24, 2022 | Date of original grant of restricted stock units related to one of the transactions. |
| January 23, 2023 | Date of original grant of restricted stock units related to one of the transactions. |
| January 29, 2025 | Date of the stock withholding transaction. |
| January 31, 2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.