Form 4: Lululemon CFO Meghan Frank Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Lululemon's Chief Financial Officer, Meghan Frank, disposed of 246 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 25, 2025, Meghan Frank, the Chief Financial Officer of Lululemon Athletica Inc., disposed of 246 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $337.35 per share.
- Following the transaction, Meghan Frank directly owns 10,799 shares of Lululemon common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It's a neutral event with no significant positive or negative implications for the company's overall financial health or prospects.
Industry Context
Executive share disposals for tax purposes are a common practice in publicly traded companies, particularly around vesting events for equity compensation. This transaction is a routine part of executive compensation management.
Key Dates
| Date | Description |
|---|---|
| 03/25/2025 | Date of transaction: Meghan Frank disposed of shares. |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
Lululemon, Meghan Frank, CFO, Share Disposal, Tax Obligations, Restricted Stock Units, Form 4, LULU
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