Form 4: Ross Stores Executive Michael J. Hartshorn Reports Stock Sale
SEC Form 4
Michael J. Hartshorn, Group President and COO of Ross Stores, Inc., reported the sale of 8,595 shares of common stock to cover tax obligations.
Summary
- On September 13, 2024, Michael J. Hartshorn, Group President, COO, and Director of Ross Stores, Inc., disposed of 8,595 shares of common stock.
- The transaction was a sale to cover tax obligations, with the shares sold at a price of $155.25 per share.
- Following the transaction, Hartshorn directly owns 111,415 shares of Ross Stores, Inc. common stock.
- The reported transaction was filed on September 17, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction (selling shares to cover tax obligations) by an executive, which is a common practice and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Hartshorn acquired 23 shares through the employee stock purchase plan. |
| 06/28/2024 | Hartshorn acquired 25 shares through the employee stock purchase plan. |
| 09/13/2024 | Hartshorn sold 8,595 shares of common stock at $155.25 per share. |
| 09/17/2024 | Date of Form 4 filing. |
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