Form 4: Shoe Carnival CEO Sells Shares to Cover Tax Obligations
SEC Form 4
Mark J. Worden, President & CEO of Shoe Carnival Inc., disposed of 4,587 shares of common stock on March 31, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 31, 2024, Mark J. Worden, the President & CEO of Shoe Carnival Inc., engaged in a transaction involving the company's common stock.
- Worden disposed of 4,587 shares at a price of $36.64 per share.
- This transaction was executed to cover income and payroll withholding tax obligations associated with the vesting of restricted stock units.
- Following the transaction, Worden directly owns 200,561 shares of Shoe Carnival Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: disposal of shares |
| 04/02/2024 | Date of signature on the Form 4 |
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