4/A: PVH Corp. Executive Amba Subrahmanyam Adjusts Share Holdings After Restricted Stock Unit Vesting
SEC Form 4/A Filing
PVH Corp.'s Chief People Officer, Amba Subrahmanyam, adjusted their share holdings due to tax obligations related to vesting restricted stock units.
Summary
- Amba Subrahmanyam, Chief People Officer at PVH Corp., filed an amended Form 4 to report changes in their beneficial ownership of company stock.
- The changes occurred on March 1, 2024, and involved the withholding of 1,122 shares to cover tax obligations related to the vesting of 2,796 restricted stock units.
- This filing corrects a previous report regarding the number of shares withheld and the total amount of securities beneficially owned.
- Following the transaction, Subrahmanyam directly owns 18,857 shares, which includes 14,449 shares subject to restricted stock unit awards.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral to slightly positive sentiment as it reflects standard corporate practices.
Industry Context
This type of filing is standard for corporate executives who receive stock-based compensation, reflecting routine adjustments in their holdings due to vesting schedules and tax obligations.
Comparison to Industry Standards
- Similar filings are common across publicly traded companies where executives receive stock-based compensation.
- The process of withholding shares to cover tax obligations is a standard practice in equity compensation plans.
- Companies like Ralph Lauren (RL) and Tapestry (TPR) also have executives who file similar forms when their stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine adjustment of executive holdings.
- The filing provides transparency regarding executive compensation and share ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the transaction involving share withholding for tax obligations. |
| 03/04/2024 | Date of the original filing that this amendment corrects. |
| 11/14/2024 | Date of signature on the amended filing. |
Keywords
PVH Corp, Amba Subrahmanyam, Form 4, Beneficial Ownership, Restricted Stock Units, Share Withholding, Executive Compensation
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