Form 4: Potbelly Corp SVP, Chief Information Officer, Jeffrey Douglas, Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Douglas, SVP and Chief Information Officer of Potbelly Corp, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On April 30, 2024, Jeffrey Douglas, SVP, Chief Information Officer of Potbelly Corp, reported transactions involving Potbelly Corp common stock.
- Douglas acquired 42,016 shares of common stock through the vesting of performance stock units.
- Simultaneously, 12,310 shares were disposed of at a price of $10.63 to cover tax liabilities related to the vesting.
- Following these transactions, Douglas directly owns 155,620 shares of Potbelly Corp common stock.
- The performance stock units vested at 200% of the target award amount.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/26/2021 | Date of grant for performance stock units |
| 04/30/2024 | Date of stock transactions (acquisition and disposition) |
| 05/02/2024 | Date of signature for the report |
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