Form 4: Nike Executive Matthew Friend Reports Stock Transaction
SEC Form 4 Filing
EVP and CFO Matthew Friend reports disposition of Nike Class B Common Stock to cover tax obligations and shares acquired through employee stock purchase plan.
Summary
- Matthew Friend, EVP and CFO of Nike, reported a transaction involving Class B Common Stock on June 3, 2024.
- The transaction involved the disposition of 5,719 shares at a price of $94.4 to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
- Friend also reported owning 36,661.686 shares, which includes shares acquired through Nike's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The reporting person participates in the Employee Stock Purchase Plan, indicating confidence in the company's future.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative to investors.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock transaction |
| 06/05/2024 | Date of signature on the form |
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