Form 4: Potbelly Corp CEO Robert Wright Reports Stock Unit Vesting and Tax Withholding
SEC Form 4 Filing
Robert Wright, President and CEO of Potbelly Corp, reports the vesting of price performance stock units and subsequent tax withholding on January 23, 2025.
Summary
- On January 23, 2025, Robert D. Wright, the President and CEO of Potbelly Corp, reported the vesting of 23,479 price performance stock units.
- Following the vesting, 9,389 shares were withheld to cover tax liabilities at a price of $11.93 per share.
- After these transactions, Wright directly owns 793,370 shares of Potbelly Corp common stock.
- Wright also directly owns 23,479 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units and tax withholding may have a minor impact on the company's financial statements.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | 23,479 price performance stock units vested; 9,389 shares withheld for tax liability. |
| 01/27/2025 | Date of signature for the Form 4 filing. |
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