Form 4: Ross Stores Executive Stephen Brinkley Reports Stock Award Vesting and Tax Withholding
SEC Form 4 Filing
Stephen C. Brinkley, President of Operations at Ross Stores, reports the vesting of performance-based stock awards and a transaction for tax withholding.
Summary
- On March 21, 2025, Stephen C. Brinkley, President of Operations at Ross Stores, Inc., reported transactions involving common stock.
- Brinkley acquired 9,784 shares of common stock upon the settlement of a performance award under the 2017 Equity Incentive Plan at $0.
- Simultaneously, 1,490 shares were disposed of at a price of $123.54 for tax withholding purposes.
- Following these transactions, Brinkley beneficially owns 70,090 shares of Ross Stores common stock.
- The performance award shares vest in three tranches: 2,936 shares on March 21, 2025, 2,936 shares on March 20, 2026, and 3,912 shares on March 19, 2027.
Sentiment
Score: 6
Explanation: The document reflects standard executive compensation practices. The vesting of shares is generally positive, but the tax withholding is a neutral event.
Positives
- The vesting of performance-based stock awards suggests that Brinkley has met certain performance criteria set by the company.
Negatives
- The disposal of shares for tax withholding reduces Brinkley's overall holdings in Ross Stores.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine compensation and tax-related activities.
Stakeholder Impact
- The vesting of stock awards aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of stock award vesting and tax withholding transaction. |
| 03/21/2025 | 2,936 shares vest as of this date. |
| 03/20/2026 | 2,936 shares vest as of this date. |
| 03/19/2027 | 3,912 shares vest as of this date. |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Ross Stores, ROST, Stephen Brinkley, Stock Award, Vesting, Tax Withholding, Equity Incentive Plan, Beneficial Ownership
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