Form 4: Oxford Industries EVP Scott Grassmyer Reports Stock Transactions
SEC Form 4 Filing
EVP Scott Grassmyer reports acquisition and disposal of Oxford Industries (OXM) stock related to vesting of restricted stock and performance-based restricted share units.
Summary
- On May 31, 2024, Scott Grassmyer, an EVP at Oxford Industries Inc. (OXM), reported transactions involving the company's common stock.
- Grassmyer disposed of 897 shares at $110.69 to cover tax obligations upon vesting of restricted stock.
- He also acquired 8,432 shares upon vesting of performance-based restricted share units granted under the company's Long-Term Stock Incentive Plan, based on performance from May 3, 2021, to May 3, 2024.
- Additionally, 3,781 shares were disposed of at $110.69 to satisfy tax obligations related to the vesting of these performance-based restricted share units.
- Following these transactions, Grassmyer beneficially owns 35,779 shares of Oxford Industries Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't contain information that would significantly sway sentiment positively or negatively.
Positives
- The vesting of performance-based restricted share units suggests that the company met certain performance targets during the period from May 3, 2021, to May 3, 2024.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant shift in the company's prospects or strategy. Insider transactions are a normal part of executive compensation and equity ownership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/03/2021 | Start date of the performance period for the performance-based restricted share units. |
| 05/03/2024 | End date of the performance period for the performance-based restricted share units. |
| 05/31/2024 | Date of the stock transactions (acquisition and disposal). |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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