Form 4: Potbelly Corp CEO Robert D. Wright Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Robert D. Wright, President and CEO of Potbelly Corp, reported disposing of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On December 31, 2024, Robert D. Wright, the President and CEO of Potbelly Corp, disposed of 1,004 shares of common stock at $9.42 per share to cover tax liabilities from restricted stock units granted on January 6, 2023.
- Additionally, Wright disposed of 537 shares of common stock at $9.42 per share to cover tax liabilities from restricted stock units granted on January 3, 2024.
- Following these transactions, Wright beneficially owns 714,085 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/06/2023 | Date of grant for restricted stock units related to the disposal of 1,004 shares. |
| 01/03/2024 | Date of grant for restricted stock units related to the disposal of 537 shares. |
| 12/31/2024 | Date of stock disposal for tax liabilities. |
| 01/02/2025 | Date of signature for the Form 4 filing. |
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