Form 4: Krispy Kreme Director Michael J. Tattersfield Reports Changes in Beneficial Ownership

Michael J. Tattersfield, a director at Krispy Kreme, reported changes in beneficial ownership of company stock due to tax withholding for vesting restricted stock units.

Summary

• On March 6, 2024, Michael J. Tattersfield, a director of Krispy Kreme, reported a transaction involving common stock.
• The transaction involved the surrender of 3,480 shares to cover tax withholding related to the vesting of restricted stock units at a price of $12.8 per share.
• Following the transaction, Tattersfield directly owns 3,036,940 shares of common stock, including 2,180,224 directly held shares and 856,716 unvested RSUs.
• He also indirectly owns 550,051 shares held in trust for his children, with his spouse as the trustee, and 295 shares owned by his child, of which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment, just factual information about stock ownership changes.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock units, which is a common form of executive compensation.

Key Dates