Form 4: Hanesbrands Inc. Executive Receives Stock Awards

Kristin L. Oliver, EVP, Chief Human Resources Officer & Interim Chief Legal Officer of Hanesbrands Inc., reports acquisition of restricted stock units.

Summary

• On March 26, 2024, Kristin L. Oliver, an executive at Hanesbrands Inc., acquired 93,284 shares of common stock.
• These shares were received as restricted stock units.
• Following the transaction, Oliver directly owns 220,768 shares of Hanesbrands Inc.
• The restricted stock units vest in three installments: 33% on March 26, 2025, 33% on March 26, 2026, and 34% on March 26, 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, aligning executive interests with shareholder value.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to Hanesbrands Inc.

Industry Context

Executive compensation through stock awards is a common practice in publicly traded companies to incentivize performance and align management interests with shareholders.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in the apparel industry.
• Companies like Gildan Activewear and PVH Corp also utilize stock-based compensation to incentivize their executives.
• The vesting schedule of three years is also a common practice to ensure long-term commitment.

Stakeholder Impact

• The stock award could have a slightly positive impact on shareholders by aligning executive interests with company performance.
• The award incentivizes the executive to contribute to the company's success, potentially benefiting employees and other stakeholders.

Key Dates