Form 4: RH Chief Accounting Officer Hargarten Reports Stock Transactions
SEC Form 4 Filing
Christina Hargarten, Chief Accounting Officer of RH, reports the vesting and subsequent disposal of restricted stock units.
Summary
- Christina Hargarten, the Chief Accounting Officer of RH, filed a Form 4 detailing changes in beneficial ownership of RH stock.
- On March 30, 2024, Hargarten vested 750 restricted stock units (RSUs) and subsequently disposed of them.
- 268 shares were disposed of to cover tax obligations at a price of $348.26 per share.
- Following these transactions, Hargarten directly owns 964 shares of RH common stock and 6,000 RSUs.
Sentiment
Score: 5
Explanation: This is a routine insider transaction filing, and the sentiment is neutral.
Future Outlook
The remaining restricted stock units will continue to vest in tranches until March 30, 2029, subject to continuous service.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Reporting person was granted 7,500 restricted stock units. |
| March 30, 2023 | 10% of the restricted stock units vested. |
| March 30, 2024 | 750 restricted stock units vested and were subsequently disposed of. |
| March 30, 2025 | 10% of the restricted stock units will vest. |
| March 30, 2026 | 15% of the restricted stock units will vest. |
| March 30, 2027 | 15% of the restricted stock units will vest. |
| March 30, 2028 | 20% of the restricted stock units will vest. |
| March 30, 2029 | 20% of the restricted stock units will vest. |
| 04/01/2024 | Date of Form 4 filing. |
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