Form 4: Potbelly Corp CFO Steven Cirulis Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Steven Cirulis, SVP and CFO of Potbelly Corp, reports the withholding of shares for tax obligations upon vesting of restricted stock units.
Summary
- On April 1, 2024, Steven Cirulis, the SVP and Chief Financial Officer of Potbelly Corp, had 2,977 shares of common stock withheld to cover tax liabilities.
- This transaction occurred due to the vesting of restricted stock units granted on April 1, 2022.
- The price per share for the transaction was $11.62.
- Following the transaction, Cirulis directly owns 312,706 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a tax-related stock transaction, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related transaction and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for the restricted stock units. |
| 04/01/2024 | Date of the stock transaction (tax withholding). |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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