Form 4: Hawkins Inc. Executive Reports Stock Disposal for Tax Obligations

Richard G. Erstad, VP, General Counsel & SEC at Hawkins Inc., disposed of shares to cover tax obligations related to vested restricted stock.

Summary

• On April 1, 2024, Richard G. Erstad, VP, General Counsel & SEC of Hawkins Inc., disposed of 4,596 shares of common stock to cover tax obligations.
• The transaction was executed at a price of $74.62 per share.
• Following the transaction, Erstad directly owns 56,008.3254 shares of common stock and indirectly owns 2,448.7672 shares through an ESOP Trustee.
• The filing also notes that Erstad acquired 80.2904 shares through the dividend reinvestment plan between June 2023 and March 2024, and 358 shares through the employee stock purchase plan between June and December 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes. There is no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be informative for investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.

Key Dates