Form 4: Potbelly Corp Executive Will Atkins Reports Stock Transaction
SEC Form 4 Filing
Will Atkins, VP and Controller of Potbelly Corp, reports the disposal of 817 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 26, 2024, Will Atkins, VP and Controller of Potbelly Corp, disposed of 817 shares of common stock.
- The transaction was executed to cover tax liabilities arising from the vesting of restricted stock units granted on April 26, 2021.
- The price per share was $10.63.
- Following the transaction, Atkins directly owns 40,664 shares of Potbelly Corp.
- The transaction was reported on April 29, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/26/2021 | Date of grant for the restricted stock units that vested. |
| 04/26/2024 | Date of the stock transaction (disposal of shares). |
| 04/29/2024 | Date the Form 4 was signed. |
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