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

Richard G. Erstad, VP, General Counsel & SEC at Hawkins Inc., disposed of shares to cover tax obligations arising from vesting restricted stock units.

Summary

• On March 31, 2025, Richard G. Erstad, VP, General Counsel & SEC of Hawkins Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
• The filing reports the disposal of 3,580 shares of common stock at a price of $105.92 per share to cover tax obligations.
• Following the transaction, Erstad directly owns 60,305.5323 shares and indirectly owns 2,448.7672 shares through an ESOP Trustee.
• The filing also notes the acquisition of 51.2069 shares through the dividend reinvestment plan between June 2024 and February 2025, and 196 shares through the employee stock purchase plan between June and December 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine transaction related to tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.

Key Dates

Keywords

Form 4, Beneficial Ownership, HAWKINS INC, HWKN, Stock Disposal, Tax Obligations, Richard G. Erstad, Dividend Reinvestment Plan, Employee Stock Purchase Plan