Form 4: Hanesbrands Inc. Executive Joseph W. Cavaliere Reports Stock Transactions
SEC Form 4 Filing
Joseph W. Cavaliere, President, Innerwear Global at Hanesbrands Inc., reports the withholding of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On January 29, 2025, Joseph W. Cavaliere, President, Innerwear Global at Hanesbrands Inc., had shares of common stock withheld to cover tax obligations.
- 13,262 shares were withheld at a price of $8.6 related to restricted stock units granted on January 23, 2023.
- An additional 5,092 shares were withheld at a price of $8.35 related to restricted stock units granted on January 24, 2022.
- Following these transactions, Cavaliere directly owns 429,581 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to tax obligations, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/24/2022 | Date of original grant of restricted stock units related to one of the tax withholding events. |
| 01/23/2023 | Date of original grant of restricted stock units related to one of the tax withholding events. |
| 01/29/2025 | Date of the stock transactions (tax withholding). |
| 01/31/2025 | Date of signature on the Form 4 filing. |
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