Form 4: Lululemon CFO Meghan Frank Reports Stock Transactions

Meghan Frank, CFO of Lululemon Athletica Inc., reports the acquisition and disposal of common stock and performance share units on April 1, 2024.

Summary

• On April 1, 2024, Meghan Frank, the Chief Financial Officer of Lululemon Athletica Inc., reported transactions involving the company's stock.
• These transactions included the acquisition of 3,260 shares of common stock upon the settlement of performance share units and the disposal of shares to cover tax obligations.
• Specifically, 1,717 shares were withheld for tax obligations related to the settlement of performance share units at a price of $385.2, and 450 shares were withheld for tax obligations related to the vesting of restricted stock units at the same price.
• Following these transactions, Frank directly owns 10,888 shares of Lululemon common stock.
• The performance share units, granted on March 31, 2021, vested on March 31, 2024, after the company certified the achievement of performance goals on March 15, 2024.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine and do not represent a significant change in the executive's holdings.

Key Dates