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 upon vesting of restricted stock units.
Summary
- On April 1, 2025, Douglas Jeffrey, SVP, Chief Information Officer of Potbelly Corp, reported a transaction involving common stock.
- The transaction involved the disposition of 1,855 shares at a price of $9.81.
- These shares were withheld for payment of tax liability upon the vesting of restricted stock units granted on April 1, 2022.
- Following the transaction, Douglas Jeffrey beneficially owns 153,765 shares of Potbelly Corp common stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for the restricted stock units. |
| 04/01/2025 | Date of the stock transaction (disposition of shares). |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Potbelly Corp, PBPB, Douglas Jeffrey, Restricted Stock Units, Tax Liability, SVP, Chief Information Officer
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