Form 4: Shoe Carnival EVP-Chief Operating Officer Marc A. Chilton Reports Stock Disposal for Tax Obligations
SEC Form 4
Marc A. Chilton, EVP-Chief Operating Officer of Shoe Carnival Inc., disposed of 644 shares of common stock on March 31, 2024, to cover income and payroll tax obligations related to vesting restricted stock units.
Summary
- On March 31, 2024, Marc A. Chilton, the EVP-Chief Operating Officer of Shoe Carnival Inc., disposed of 644 shares of common stock.
- The transaction was executed to satisfy income and payroll withholding tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $36.64 per share.
- Following the transaction, Chilton directly owns 46,730 shares of Shoe Carnival Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. This is a routine transaction for tax purposes and doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock disposal transaction. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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