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 withholding of shares for tax liabilities upon vesting of restricted stock units.
Summary
- On April 30, 2024, Robert D. Wright, the President and CEO of Potbelly Corp, reported transactions involving common stock.
- A total of 1,004 shares were withheld at a price of $10.19 per share to cover tax liabilities related to restricted stock units granted on January 6, 2023.
- Additionally, 537 shares were withheld at $10.19 per share for tax liabilities related to restricted stock units granted on January 3, 2024.
- Following these transactions, Wright directly owns 724,963 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's transactions related to tax obligations from vested stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| January 6, 2023 | Date of grant for restricted stock units related to the withholding of 1,004 shares. |
| January 3, 2024 | Date of grant for restricted stock units related to the withholding of 537 shares. |
| April 30, 2024 | Date of the reported stock transactions (tax withholding). |
| May 02, 2024 | Date of signature for the Form 4 filing. |
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