Form 4: Hanesbrands Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Scott A. Pleiman, an executive at Hanesbrands Inc., disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On January 29, 2025, Scott A. Pleiman, EVP, Chief Strategy, Transformation, Analytics & Technology Officer of Hanesbrands Inc., disposed of 5,624 shares of common stock to cover tax obligations.
- The shares were withheld to pay taxes upon the vesting of restricted stock units originally granted on January 23, 2023.
- The transaction was executed at a price of $8.6 per share.
- Following the transaction, Pleiman directly owns 123,613 shares of Hanesbrands Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/23/2023 | Date restricted stock units were originally granted to the Reporting Person |
| 01/29/2025 | Date of transaction (disposal of shares to cover taxes) |
| 01/31/2025 | Date of signature on the Form 4 filing |
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