Form 4: Oxford Industries CEO Thomas Chubb III Reports Significant Stock Vesting and Tax-Related Dispositions

Oxford Industries Inc. CEO and President, Thomas Caldecot Chubb III, reported the vesting of restricted stock units and performance-based restricted stock units, alongside corresponding tax-related share dispositions, increasing his direct beneficial ownership.

Summary

• Thomas Caldecot Chubb III, CEO and President of Oxford Industries Inc. (OXM), reported multiple transactions on May 30, 2025, related to his beneficial ownership.
• He acquired 8,500 shares of common stock upon the vesting of restricted share units granted under the Oxford Industries, Inc. Long-Term Stock Incentive Plan.
• An additional 11,550 shares of common stock were acquired due to the vesting of performance-based restricted share units, based on performance from May 2, 2022, through May 2, 2025.
• To satisfy tax withholding obligations, Mr. Chubb disposed of 3,803 shares and 5,168 shares, totaling 8,971 shares, at a price of $53.68 per share.
• Following these transactions, Mr. Chubb's direct beneficial ownership stands at 52,563 shares of common stock.
• His indirect beneficial ownership includes 9,650 shares via a 2024 GRAT, 25,000 shares via a 2025 GRAT, 18,000 shares via a Trust for Spouse, and 46,644 shares via Trusts for Children, totaling 99,294 indirect shares.
• In total, Mr. Chubb beneficially owns 151,857 shares of Oxford Industries Inc. common stock (52,563 direct + 99,294 indirect).
• He also holds 37,500 unvested restricted stock units directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the vesting of performance-based units indicates the achievement of company goals, which is a positive signal. The tax-related dispositions are routine and do not negatively impact sentiment significantly.

Positives

• The vesting of 11,550 performance-based restricted share units indicates that the company met specific performance targets over the May 2, 2022, to May 2, 2025, period, reflecting positively on management's achievement of goals.
• The acquisition of 20,050 shares (8,500 RSU + 11,550 performance RSU) through vesting represents a significant component of executive compensation, aligning management's interests with shareholder value.

Negatives

• A total of 8,971 shares were disposed of to cover tax withholding obligations, which reduces the direct share count held by the CEO, although this is a standard practice for equity compensation.

Future Outlook

NA

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation and does not provide broader industry context or trends. It reflects the standard practice of equity award vesting and subsequent tax withholding for a publicly traded company's executive.

Related Party Transactions

• Indirect beneficial ownership is reported through various trusts (2024 GRAT, 2025 GRAT, Trust for Spouse, Trusts for Children), which are considered related parties to the reporting person.

Stakeholder Impact

• Shareholders: The vesting of performance-based units suggests that management has met certain targets, which could be viewed positively. The increase in direct ownership (net of tax sales) aligns management's interests with shareholders.
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's long-term incentive plan structure.

Key Dates

Keywords

Oxford Industries, OXM, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Performance-Based Equity, Executive Compensation, Share Ownership, Thomas Caldecot Chubb III