Form 4: Potbelly Corp Executive Douglas Jeffrey Reports Stock Transaction
SEC Form 4 Filing
SVP, Chief Information Officer of Potbelly Corp, Douglas Jeffrey, reports disposition of shares to cover tax obligations.
Summary
- On April 7, 2024, Douglas Jeffrey, SVP, Chief Information Officer of Potbelly Corp, reported a transaction involving common stock.
- 1,522 shares were disposed of to cover tax liability upon vesting of restricted stock units.
- The price per share was $10.75.
- Following the transaction, Douglas Jeffrey beneficially owns 127,965 shares of Potbelly Corp common stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to compensation and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/07/2023 | Date of grant of restricted stock units that vested on April 7, 2024. |
| 04/07/2024 | Date of transaction: Shares withheld for payment of tax liability upon vesting of restricted stock units. |
| 04/08/2024 | Date of signature of the Form 4 filing. |
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