Form 4: Krispy Kreme CEO Boosts Stake After PSU Vesting

Krispy Kreme President & CEO Josh Charlesworth acquired 3,455 shares of common stock following performance-based restricted stock unit vesting, while surrendering 983 shares for tax withholding.

Summary

• Josh Charlesworth, President & CEO and Director of Krispy Kreme, Inc. [DNUT], reported changes in beneficial ownership.
• On January 29, 2026, Charlesworth acquired 3,455 shares of common stock at a price of $0, stemming from the achievement of performance criteria tied to previously awarded performance-based restricted stock units (PSUs).
• On the same date, 983 shares of common stock were disposed of at a price of $3.16 to cover tax withholding obligations related to the vesting of the PSUs.
• Following these transactions, Charlesworth directly owns 1,040,572 shares, which includes 158,435 direct shares and 882,137 unvested Restricted Stock Units (RSUs).
• Indirect beneficial ownership includes 281,857 shares held by a Family LLC and 276,671 shares held by a Revocable Trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive because the vesting of performance-based units indicates that specific performance criteria were met, reflecting successful execution or company performance, even though a portion of shares were surrendered for taxes.

Positives

• The acquisition of 3,455 shares of common stock indicates that performance criteria for previously awarded performance-based restricted stock units (PSUs) were met, suggesting successful company or individual performance.

Negatives

• The disposition of 983 shares was solely for tax withholding purposes related to PSU vesting, which is a routine and expected event in executive compensation and not indicative of a negative outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, which is a common occurrence for executives whose compensation packages include performance-based equity awards. The vesting of performance-based restricted stock units (PSUs) and subsequent share disposition for tax withholding are standard components of executive compensation across various industries.

Stakeholder Impact

• Signals management confidence to shareholders through increased beneficial ownership (net of tax withholding) by a key executive.
• Directly impacts Josh Charlesworth's personal equity holdings and compensation, aligning his interests with long-term shareholder value.

Key Dates

Keywords

Krispy Kreme, DNUT, Insider Transaction, Form 4, Josh Charlesworth, CEO, Stock Ownership, PSU Vesting, Restricted Stock Units, Executive Compensation