Form 4: Simply Good Foods Co. Executive Timothy Kraft Reports Stock Transaction

Timothy Kraft, Chief Legal & Corporate Affairs Officer at Simply Good Foods Co., reported a transaction involving the withholding of 1,898 shares to cover tax obligations.

Summary

• Timothy Kraft, the Chief Legal & Corporate Affairs Officer of Simply Good Foods Co., filed a Form 4.
• The filing reports a transaction on January 18, 2025, where 1,898 shares of common stock were disposed of.
• These shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units.
• The price per share for the transaction was $33.87.
• Following the transaction, Mr. Kraft beneficially owns 38,170 shares of Simply Good Foods Co. stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral transaction related to tax obligations.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• Similar filings are made by executives at comparable companies such as Kellogg's, General Mills, and Conagra Brands when they have transactions involving company stock.
• The withholding of shares for tax obligations is a common practice in equity compensation plans.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding event.

Key Dates

Keywords

Form 4, insider trading, stock transaction, Simply Good Foods Co, executive compensation, equity securities, tax withholding, restricted stock units