Form 4: Lululemon Executive Andre Maestrini Reports Stock Transactions
SEC Form 4 Filing
EVP, International, Andre Maestrini, reports the vesting and subsequent transactions of performance share units and restricted stock units, including shares withheld for tax obligations.
Summary
- Andre Maestrini, EVP, International at Lululemon Athletica Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2024, Maestrini had transactions involving common stock due to the settlement of performance share units and vesting of restricted stock units.
- 4,890 shares were acquired from the settlement of performance share units at a price of $0.
- 2,299 shares were disposed of to cover tax obligations related to the settlement of performance share units at a price of $385.2.
- 539 shares were disposed of to cover tax obligations related to the vesting of restricted stock units at a price of $385.2.
- Following these transactions, Maestrini beneficially owns 8,747 shares of Lululemon common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The transactions reflect the compensation structure for the company's executives.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Date performance share units were granted. |
| 03/15/2024 | Date the issuer certified the achievement of the performance goals. |
| 03/31/2024 | Date the performance share units vested. |
| 04/01/2024 | Date of the reported transactions. |
| 04/03/2024 | Date of the form's signature. |
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