Form 4: Potbelly Corp Executive Will Atkins Reports Changes in Beneficial Ownership
SEC Form 4
VP, Controller Will Atkins reports transactions involving Potbelly Corp (PBPB) common stock and restricted stock units.
Summary
- On April 5, 2024, Will Atkins received 4,651 restricted stock units, which were not initially reported.
- These restricted stock units vest in equal installments on April 5, 2025, April 5, 2026, and April 5, 2027.
- On April 5, 2025, 536 shares were withheld for payment of tax liability upon vesting of restricted stock units granted on April 5, 2024, at a price of $8.82.
- On April 7, 2025, 718 shares were withheld for payment of tax liability upon vesting of restricted stock units granted on April 7, 2023, at a price of $9.05.
- On April 7, 2025, Will Atkins received 6,077 restricted stock units.
- These restricted stock units vest in equal installments on April 7, 2026, April 7, 2027, and April 7, 2028.
- Following these transactions, Will Atkins beneficially owns 49,172 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders gain insight into executive compensation and stock ownership.
- Employees may be interested in the vesting schedules of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Restricted stock units granted to the Reporting Person which were inadvertently not reported when granted |
| 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 |
| 04/07/2025 | Award of restricted stock units |
| 04/08/2025 | Date of signature |
Keywords
beneficial ownership, Form 4, restricted stock units, Potbelly Corp, PBPB, Will Atkins, insider trading
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