Form 4: PLBY Group CFO & COO Sells Shares to Cover Tax Obligations from RSU Vesting
Insider Transaction Report
PLBY Group, Inc.'s Chief Financial Officer and Chief Operating Officer, Marc Crossman, sold 90,601 shares of common stock to satisfy tax withholding obligations related to the settlement of restricted stock units.
Summary
- Marc Crossman, the Chief Financial Officer and Chief Operating Officer of PLBY Group, Inc. (PLBY), reported a transaction on May 23, 2025.
- He disposed of 90,601 shares of PLBY Group common stock at a weighted average price of $1.4326 per share.
- The sale was explicitly conducted to cover tax withholding obligations associated with the settlement of previously granted restricted stock units (RSUs).
- Following this transaction, Mr. Crossman directly beneficially owns 1,074,440 shares of common stock, and indirectly owns an additional 19,608 shares through his wife, totaling 1,094,048 shares.
Sentiment
Score: 5
Explanation: The transaction is neutral as it represents a non-discretionary sale to cover tax obligations from RSU vesting, a common practice in executive compensation.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- The reported sale of shares was made solely to cover the reporting person's tax withholding obligations in connection with the settlement of restricted stock units previously granted.
Industry Context
This Form 4 filing reports a routine insider transaction related to executive compensation and does not provide broader industry context or trends.
Stakeholder Impact
- The sale results in a minor reduction in the total number of shares held by a key executive, which is a routine part of compensation realization and has negligible impact on overall shareholder value or company operations.
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date of earliest transaction (sale of common stock by Marc Crossman). |
| 05/28/2025 | Date the Form 4 was signed and filed. |
Keywords
PLBY Group, PLBY, Form 4, SEC filing, insider transaction, Marc Crossman, CFO, COO, stock sale, restricted stock units, RSU, tax withholding, beneficial ownership
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