Form 4: Potbelly Corp VP, Controller Will Atkins Reports Stock Transaction
SEC Form 4 Filing
Will Atkins, VP, Controller of Potbelly Corp, reports disposition of 669 shares of common stock to cover tax obligations.
Summary
- On April 7, 2024, Will Atkins, VP, Controller of Potbelly Corp, disposed of 669 shares of common stock.
- The transaction was executed to cover tax liability upon the vesting of restricted stock units granted on April 7, 2023.
- The shares were disposed of at a price of $10.75 per share.
- Following the transaction, Atkins beneficially owns 41,481 shares of Potbelly Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction related to tax obligations from vested stock units. It doesn't indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 04/07/2023 | Date of grant for the restricted stock units that vested. |
| 04/07/2024 | Date of the stock transaction (disposal of shares). |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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