Form 4: PVH Corp Executive Mark Fischer Reports Stock Transactions
SEC Form 4 Filing
Mark Fischer, EVP, General Counsel & Secretary of PVH Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 5th and 6th, 2024, Mark D. Fischer, EVP, General Counsel & Secretary of PVH Corp, had shares withheld to satisfy tax obligations related to the vesting of restricted stock units.
- A total of 1,101 shares were withheld on April 5th at a price of $108.66 per share related to 2,289 restricted stock units vesting.
- An additional 551 shares were withheld on April 5th at a price of $108.66 per share related to 1,145 restricted stock units vesting.
- On April 6th, 805 shares were withheld at a price of $108.66 per share related to 1,670 restricted stock units vesting.
- Finally, 343 shares were withheld on April 6th at a price of $108.66 per share related to 712 restricted stock units vesting.
- Following these transactions, Fischer directly owns 25,105 shares of Common Stock, which includes 8,680 shares subject to awards of restricted stock units, and indirectly owns 707.8523 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like PVH Corp.
- Similar filings are regularly made by executives at comparable companies such as Ralph Lauren (RL), Tapestry (TPR), and Levi Strauss & Co. (LEVI).
- The withholding of shares for tax obligations upon vesting of restricted stock units is a standard practice across the industry.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent routine tax-related share withholdings.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Shares withheld to satisfy tax obligations related to vesting of restricted stock units. |
| 04/06/2024 | Shares withheld to satisfy tax obligations related to vesting of restricted stock units. |
| 04/09/2024 | Date of signature for the Form 4 filing. |
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