Form 4: Potbelly Corp Executive Adam Noyes Reports Stock Transaction
SEC Form 4 Filing
Adam Noyes, SVP and Chief Operating Officer of Potbelly Corp, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 26, 2024, Adam Noyes, SVP and Chief Operating Officer of Potbelly Corp, disposed of 3,069 shares of common stock at a price of $10.63.
- The transaction was to cover tax liability upon the vesting of restricted stock units granted on April 26, 2021.
- Following the transaction, Noyes beneficially owns 267,068 shares of Potbelly Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations on vested stock.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a routine transaction related to executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/26/2021 | Date of grant for the restricted stock units that vested. |
| 04/26/2024 | Date of the stock transaction (disposal of shares). |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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