Form 4: Potbelly Corp Executive Adiya Dixon Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Adiya Dixon, SVP, CLO and Secretary of Potbelly Corp, disposed of 2,340 shares of common stock on April 26, 2024, to cover tax liabilities upon vesting of restricted stock units.
Summary
- On April 26, 2024, Adiya Dixon, SVP, CLO and Secretary of Potbelly Corp, disposed of 2,340 shares of common stock.
- The shares were disposed of to cover tax liabilities related to the vesting of restricted stock units granted on April 26, 2021.
- The transaction was executed at a price of $10.63 per share.
- Following the transaction, Adiya Dixon directly owns 61,453 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 04/26/2021 | Date of grant for the restricted stock units that vested. |
| 04/26/2024 | Date of the stock disposal to cover tax liabilities. |
| 04/29/2024 | Date of signature for the Form 4 filing. |
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