Form 4: Potbelly Corp CEO Robert Wright Reports Stock Transactions
SEC Form 4 Filing
Robert D. Wright, President and CEO of Potbelly Corp, reports the withholding of shares for tax liability upon vesting of restricted stock units.
Summary
- On September 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 to cover tax liabilities related to restricted stock units granted on January 6, 2023, at a price of $8.34 per share.
- Additionally, 537 shares were withheld for tax liabilities related to restricted stock units granted on January 3, 2024, also at a price of $8.34 per share.
- Following these transactions, Wright directly owns 718,708 shares of Potbelly Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, suggesting a neutral to slightly positive sentiment due to continued executive ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax withholding procedures upon the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent standard tax withholding procedures.
Key Dates
| Date | Description |
|---|---|
| January 6, 2023 | Date of grant for restricted stock units, part of which vested on 09/30/2024 |
| January 3, 2024 | Date of grant for restricted stock units, part of which vested on 09/30/2024 |
| September 30, 2024 | Date of stock transactions (shares withheld for tax liability). |
| October 01, 2024 | Date of signature for the Form 4 filing. |
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