Form 4: Potbelly Corp CEO Robert Wright Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Robert D. Wright, President and CEO of Potbelly Corp, disposed of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On August 31, 2024, Robert D. Wright, the President and CEO of Potbelly Corp, filed a Form 4 indicating changes in beneficial ownership.
- Wright disposed of 1,004 shares of common stock at a price of $7.98 to cover tax obligations related to restricted stock units granted on January 6, 2023.
- He also disposed of 537 shares of common stock at $7.98 to cover tax obligations related to restricted stock units granted on January 3, 2024.
- Following these transactions, Wright directly owns 720,249 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies. It doesn't necessarily indicate a change in the company's overall financial health or strategic direction.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| January 6, 2023 | Date of grant for restricted stock units related to the disposal of 1,004 shares. |
| January 3, 2024 | Date of grant for restricted stock units related to the disposal of 537 shares. |
| August 31, 2024 | Date of the stock disposal transactions and filing of Form 4. |
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