Form 4: Potbelly Corp CEO Robert D. Wright Reports Stock Transactions
SEC Form 4 Filing
Robert D. Wright, President and CEO of Potbelly Corp, reports the disposal of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- Robert D. Wright, the President and CEO of Potbelly Corp, filed a Form 4 with the SEC.
- The filing reports transactions involving Potbelly Corp common stock on October 31, 2024.
- Wright disposed of 1,004 shares at $7.38 to cover tax liabilities related to restricted stock units granted on January 6, 2023.
- An additional 537 shares were disposed of at $7.38 to cover tax liabilities related to restricted stock units granted on January 3, 2024.
- Following these transactions, Wright beneficially owns 717,167 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax liabilities upon vesting of restricted stock units is a common practice.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders, as they are related to routine tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 6, 2023 | Date of grant for restricted stock units, a portion of which vested and triggered a tax liability covered by the sale of shares on 10/31/2024. |
| January 3, 2024 | Date of grant for restricted stock units, a portion of which vested and triggered a tax liability covered by the sale of shares on 10/31/2024. |
| October 31, 2024 | Date of stock disposal to cover tax liabilities from vesting of restricted stock units. |
| November 01, 2024 | Date of signature on the Form 4 filing. |
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