Form 4: Potbelly Corp Executive Reports Changes in Beneficial Ownership
SEC Filing
Jeffrey Douglas, SVP and Chief Information Officer of Potbelly Corp, reports transactions involving common stock and performance stock units.
Summary
- Jeffrey Douglas, SVP and Chief Information Officer of Potbelly Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report includes the grant of restricted stock units and performance stock units on April 5, 2024, which were not initially reported.
- It also covers the vesting of performance stock units on April 4, 2025, which vested at 200% of the target award amount.
- Shares were withheld to cover tax liabilities upon the vesting of restricted stock units and performance stock units.
- Douglas now beneficially owns 189,678 shares of common stock after these transactions.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Grant date of restricted stock units and performance stock units (previously unreported) |
| 04/04/2025 | Vesting date of performance stock units granted on April 1, 2022 |
| 04/05/2025 | Shares withheld for payment of tax liability upon vesting of the restricted stock units granted on April 5, 2024 |
| 04/07/2025 | Shares withheld for payment of tax liability upon vesting of the restricted stock units granted on April 7, 2023 |
| 04/08/2025 | Date of Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Performance Stock Units, PBPB, Potbelly Corp, Equity, Jeffrey Douglas, Insider Trading
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