Form 4: Hanesbrands Inc. Executive Kristin L. Oliver Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kristin L. Oliver, EVP, Chief Human Resources Officer & Chief Legal Officer of Hanesbrands Inc., disposed of 9,470 shares of common stock on March 3, 2025, to cover tax obligations related to a performance share award.
Summary
- On March 3, 2025, Kristin L. Oliver, an executive at Hanesbrands Inc., disposed of 9,470 shares of common stock.
- The disposal was to cover tax obligations arising from the vesting of a performance share award 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, Oliver directly owns 278,246 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard tax obligation related to executive compensation and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a standard practice of executives covering tax obligations related to vested equity awards.
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 ($6.03) |
| March 3, 2025 | Date of the transaction (stock disposal for tax obligations) |
| March 5, 2025 | Date of signature on the Form 4 filing |
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