Form 4: PVH Corp. Executive Mark D. Fischer Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President and General Counsel of PVH Corp., Mark D. Fischer, reported a transaction involving the withholding of shares to cover taxes related to a restricted stock unit award.
Summary
- Mark D. Fischer, EVP, General Counsel & Secretary of PVH Corp., reported a transaction on December 18, 2024.
- The transaction involved the withholding of 104 shares of PVH Corp. common stock at a price of $106.06 per share.
- This withholding was to cover taxes associated with a restricted stock unit award.
- Fischer is retirement eligible and is required to pay taxes currently due to his right to accelerate the vesting of this award by leaving his employment at any time on or after December 31, 2024.
- Following the transaction, Fischer directly owns 26,289 shares and indirectly owns 708.616 shares through a 401(k) plan.
- The directly owned shares include 8,795 shares subject to awards of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Stock transactions by executives are a common occurrence in publicly traded companies like PVH Corp.
- The use of restricted stock units as part of executive compensation is a standard practice.
- The withholding of shares to cover taxes on such awards is also a typical procedure.
- Companies like Ralph Lauren (RL) and Tapestry (TPR) also have similar executive compensation structures and reporting requirements.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of the reported stock transaction. |
| 12/20/2024 | Date of signature on the Form 4 filing. |
| 12/31/2024 | Date after which Fischer can accelerate vesting of restricted stock units by leaving employment. |
Keywords
PVH Corp, stock transaction, restricted stock units, insider trading, executive compensation, Form 4, Mark D. Fischer
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