Form 4: PVH Corp. EVP, CFO Zachary Coughlin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Zachary Coughlin, EVP and CFO of PVH Corp., reports acquisition of shares through vesting of performance share units and subsequent disposal to cover tax obligations.
Summary
- On May 2, 2025, Zachary Coughlin, EVP and CFO of PVH Corp., acquired 4,236 shares of common stock upon vesting of a performance share unit award.
- Simultaneously, 2,343 shares were disposed of to satisfy tax obligations related to the vesting.
- Following these transactions, Coughlin directly owns 59,960.924 shares of PVH Corp. common stock, which includes 44,114 shares subject to unvested restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation. The vesting of performance shares is a positive sign, but the sale for tax obligations is a standard procedure.
Positives
- The vesting of performance share units indicates that performance goals were likely met, which is a positive signal.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing indicates standard compensation practices at PVH Corp.
Comparison to Industry Standards
- Executive compensation packages often include performance share units and restricted stock units to align management's interests with those of shareholders.
- The vesting and subsequent sale of shares to cover taxes is a common practice among executives at publicly traded companies.
- Comparable companies such as Tapestry (TPR) and Ralph Lauren (RL) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/02/2022 | Date of grant for the performance share unit award that vested on 05/02/2025 |
| 05/02/2025 | Date of transaction: Acquisition of shares upon vesting of performance share units and disposal of shares for tax obligations. |
| 05/06/2025 | Date of signature for the Form 4 filing. |
Keywords
PVH Corp, Zachary Coughlin, beneficial ownership, Form 4, stock, performance share units, restricted stock units, tax obligations, vesting
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