Form 4: Shoe Carnival Vice Chairman Sifford Reports Stock Transaction
SEC Form 4 Filing
Clifton E. Sifford, Vice Chairman of Shoe Carnival, reports a transaction involving common stock related to tax obligations on vesting restricted stock units.
Summary
- On March 31, 2024, Clifton E. Sifford, Vice Chairman of Shoe Carnival Inc., engaged in a transaction involving the company's common stock.
- 523 shares were disposed of to satisfy income and payroll withholding tax obligations on the vesting of restricted stock units at a price of $36.64.
- Following the transaction, Sifford directly owns 291,959 shares of Shoe Carnival common stock, which includes 78 shares purchased through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an insider transaction, indicating a neutral sentiment.
Positives
- Sifford participates in the company's Employee Stock Purchase Plan, as evidenced by the dividend reinvestment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transaction (disposal of shares). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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