Form 4: Robert Hall Reports Changes in Beneficial Ownership of Vera Bradley, Inc. Shares

Robert Hall, a director and member of a 10% owner group of Vera Bradley, Inc., reports changes in beneficial ownership of company stock, including the acquisition of restricted stock units and indirect ownership through various trusts and foundations.

Summary

• On April 5, 2024, Robert Hall reported changes in his beneficial ownership of Vera Bradley, Inc. shares.
• Hall acquired 12,687 shares of common stock, represented as restricted stock units, at a price of $0.
• Following the transaction, Hall directly owns 145,483 shares of common stock.
• Hall also has indirect ownership of 2,276,867 shares through the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust, but disclaims beneficial ownership of these shares.
• Additionally, Hall has indirect ownership through the Joan Byrne Hall Revocable Trust (332,754 shares), the Joan Byrne Hall 2017 Grantor Retained Annuity Trust #1 (34,065 shares), and the Barbara Bradley Baekgaard Family Foundation (31,358 shares), disclaiming beneficial ownership of the latter.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. The sentiment is neutral as it simply reports changes in ownership.

Positives

• The acquisition of 12,687 restricted stock units could be seen as a positive sign of Hall's continued investment in the company's future.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and large shareholders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates