Form 4: Potbelly Corp VP, Controller Will Atkins Reports Stock Transaction
SEC Form 4 Filing
Will Atkins, VP, Controller of Potbelly Corp, reports the withholding of shares for tax liability upon vesting of restricted stock units.
Summary
- On April 1, 2024, Will Atkins, VP, Controller of Potbelly Corp, had 867 shares of common stock withheld to cover tax liabilities.
- The shares were withheld at a price of $11.62 per share.
- Following the transaction, Atkins beneficially owns 42,150 shares of Potbelly Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative developments for the company. It's a neutral event from an investment perspective.
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 tax withholding procedure related to vested stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax obligations related to employee compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of restricted stock units grant. |
| 04/01/2024 | Date of stock transaction (shares withheld for tax liability). |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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