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 the withholding of 3,711 common stock shares for tax liability upon vesting of restricted stock units.
Summary
- On April 1, 2025, Adam Noyes, SVP and Chief Operating Officer of Potbelly Corporation, had 3,711 shares of common stock withheld to cover tax obligations.
- This transaction occurred due to the vesting of restricted stock units granted on April 1, 2022.
- The price per share for the transaction was $9.81.
- Following the transaction, Noyes directly owns 317,330 shares of Potbelly Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations. There are no indications of positive or negative implications for the company's performance.
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 withholding procedure related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for the restricted stock units that vested. |
| 04/01/2025 | Date of the stock transaction (shares withheld for tax liability). |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Adam Noyes, Potbelly Corp, PBPB, SVP, Chief Operating Officer, Restricted Stock Units, Tax Liability
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