Form 4: Potbelly Corp Executive Karen McKee Reports Stock Transaction
SEC Form 4 Filing
Karen Lynette McKee, SVP of Franchising at Potbelly Corp, reports the disposition of 501 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On June 6, 2024, Karen Lynette McKee, SVP of Franchising at Potbelly Corp, reported a transaction involving the disposition of 501 shares of common stock.
- The shares were disposed of to cover tax liability upon the vesting of restricted stock units granted on June 6, 2023.
- The price per share was $8.18.
- Following the transaction, McKee directly owns 6,671 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's 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 the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/06/2023 | Date of grant for the restricted stock units that vested. |
| 06/06/2024 | Date of the stock transaction (disposition of shares for tax liability). |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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