Form 4: Shoe Carnival SVP CFO, Patrick C. Edwards, Reports Stock Transaction
SEC Form 4
Patrick C. Edwards, SVP CFO of Shoe Carnival Inc., reports the disposal of 386 common stock shares to cover tax obligations related to vesting restricted stock units on March 31, 2024.
Summary
- On March 31, 2024, Patrick C. Edwards, the SVP CFO of Shoe Carnival Inc. (SCVL), disposed of 386 shares of common stock.
- The transaction was executed to cover income and payroll withholding tax obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $36.64 per share.
- Following the transaction, Edwards directly owns 21,803 shares of Shoe Carnival Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transaction: disposal of 386 shares. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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