Form 4: Vera Bradley CEO Jacqueline Ardrey Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Jacqueline Ardrey, President and CEO of Vera Bradley, disposed of 43,340 common shares on November 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On November 1, 2024, Jacqueline Ardrey, the President and CEO of Vera Bradley, disposed of 43,340 common shares.
- The transaction was executed at a price of $5.01 per share.
- The disposal was to cover tax withholding obligations related to the vesting of a previously granted restricted stock unit award.
- Following the transaction, Ardrey directly owns 308,896 common shares of Vera Bradley.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
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 |
|---|---|
| 11/01/2024 | Date of the transaction where 43,340 common shares were disposed of. |
| 11/04/2024 | Date of signature for the Form 4 filing. |
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