Form 4: Hanesbrands Inc. Executive Joseph W. Cavaliere Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Joseph W. Cavaliere, President, Innerwear Global at Hanesbrands Inc., reports a transaction involving the withholding of shares to cover taxes upon vesting of a performance share award.
Summary
- On March 3, 2025, Joseph W. Cavaliere, President, Innerwear Global at Hanesbrands Inc., had shares of common stock withheld to cover taxes upon the vesting of a performance share award.
- A total of 15,202 shares were withheld at a price of $6.03 per share.
- Following the transaction, Cavaliere directly owns 554,934 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and holdings in the company. It reflects standard compensation practices involving equity-based awards and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax management.
Key Dates
| Date | Description |
|---|---|
| January 24, 2022 | Date of original grant of performance share award to the Reporting Person. |
| February 28, 2025 | Date used to determine the closing price of Hanesbrands Inc. common stock for tax withholding calculation. |
| March 3, 2025 | Date of the transaction where shares were withheld for tax purposes. |
| March 5, 2025 | Date of signature for 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.