Form 4: Potbelly Corp Executive Adiya Dixon Reports Stock Transactions
SEC Form 4 Filing
Adiya Dixon, SVP, CLO and Secretary of Potbelly Corp, reports the vesting and conversion of performance stock units and subsequent tax withholding.
Summary
- On April 30, 2024, Adiya Dixon, SVP, CLO and Secretary of Potbelly Corp, reported transactions involving Potbelly Corp common stock.
- Dixon acquired 50,420 shares of common stock upon the vesting of performance stock units.
- Simultaneously, 14,041 shares were withheld for payment of tax liability at a price of $10.63 per share.
- Following these transactions, Dixon beneficially owns 97,832 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/26/2021 | Date of grant for the performance stock units that vested on 04/30/2024 |
| 04/30/2024 | Date of the reported transactions: vesting of performance stock units and tax withholding. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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