PBPB.Potbelly CORP

Form 4: Potbelly Corp SVP, Chief Financial Officer Steven Cirulis Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Steven Cirulis, SVP and Chief Financial Officer of Potbelly Corp, reports a transaction involving common stock related to tax liability upon vesting of restricted stock units.

Summary

  • On April 26, 2024, Steven Cirulis, the SVP and Chief Financial Officer of Potbelly Corp, engaged in a transaction involving the company's common stock.
  • A total of 2,462 shares were disposed of at a price of $10.63 per share to cover tax liabilities associated with the vesting of restricted stock units granted on April 26, 2021.
  • Following the transaction, Cirulis directly owns 304,270 shares of Potbelly Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock units, which is 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 liabilities related to executive compensation.

Key Dates

DateDescription
04/26/2021Date of grant for the restricted stock units.
04/26/2024Date of transaction (disposal of shares for tax liability).
04/29/2024Date of signature on the Form 4 filing.

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