Form 4: Vera Bradley CFO Michael Schwindle Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael Schwindle, CFO of Vera Bradley, disposed of 12,625 shares of common stock on May 8, 2024, to cover tax obligations.
Summary
- On May 8, 2024, Michael Schwindle, the Chief Financial Officer of Vera Bradley, Inc., disposed of 12,625 shares of common stock.
- The transaction was executed at a price of $7.09 per share.
- Following the transaction, Schwindle directly owns 110,981 shares of Vera Bradley, Inc.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in management's perspective on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of stock disposal transaction |
| 05/09/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.