Form 4: Oxford Industries SVP Acquires Restricted Stock Units
SEC Form 4 Filing
Suraj A. Palakshappa, SVP of Oxford Industries, Inc., reports the acquisition of 1,600 restricted stock units.
Summary
- On March 20, 2024, Suraj A. Palakshappa, a Senior Vice President at Oxford Industries Inc. (OXM), acquired 1,600 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of Oxford Industries' common stock each.
- The units were granted under the Oxford Industries, Inc. Long-Term Stock Incentive Plan.
- The restricted stock units vest on May 28, 2027.
- Following the transaction, Palakshappa directly owns 5,350 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of restricted stock units aligns the SVP's interests with the long-term performance of Oxford Industries.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Suraj A. Palakshappa acquired 1,600 restricted stock units. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
| 05/28/2027 | Vesting date for the restricted stock units. |
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