Form 4: Nike Executive Leinwand Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Robert Leinwand, EVP and Chief Legal Officer of Nike, reports changes in beneficial ownership of company stock due to tax withholding and employee stock purchase plan activity.
Summary
- Robert Leinwand, an executive at Nike, filed a Form 4 detailing changes in his beneficial ownership of Nike stock.
- On February 10, 2025, 2,350 shares of Class B Common Stock were disposed of to satisfy tax withholding obligations at a price of $70.94 per share.
- Following the transaction, Leinwand directly owns 35,448.7426 shares of Class B Common Stock.
- Leinwand also indirectly owns 1,448 shares through a retirement plan.
- The report also mentions shares acquired through Nike's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of transaction involving Class B Common Stock. |
| 02/12/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Nike, NKE, Leinwand, Stock, Securities, Executive Compensation
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