LOVE.NASDAQLovesac CO

Form 4: Lovesac Co EVP and CFO Keith R. Siegner Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Keith R. Siegner, EVP and CFO of Lovesac Co, reports the vesting of restricted stock units and shares withheld for tax liability.

Summary

  • On June 30, 2024, Keith R. Siegner, the EVP and CFO of Lovesac Co, reported changes in his beneficial ownership of the company's stock.
  • 3,188 shares were acquired upon the vesting of time-based restricted stock units (RSUs) that were granted on June 30, 2023.
  • 1,000 shares were withheld to satisfy Mr. Siegner's tax liability in connection with the settlement of these RSUs at a price of $22.58 per share.
  • Following these transactions, Mr. Siegner directly owns 6,988 shares of Lovesac Co common stock.
  • He also holds 6,378 restricted stock units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event, simply reporting routine transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

  • The transactions reported have a minimal direct impact on stakeholders, as they relate to the vesting of previously granted compensation.

Key Dates

DateDescription
06/30/2023Date the time-based restricted stock units (RSUs) were granted.
06/30/2024Date of the transaction involving the vesting of RSUs and withholding of shares for tax liability.
07/02/2024Date the Form 4 was signed.

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