Form 4: Victoria's Secret CFO Timothy Johnson Reports Stock Disposal
SEC Form 4 Filing
Timothy Johnson, CFO & CAO of Victoria's Secret & Co., reports the disposal of 4,228 shares of common stock to cover tax obligations.
Summary
- On June 2, 2024, Timothy A. Johnson, the CFO & CAO of Victoria's Secret & Co. (VSCO), disposed of 4,228 shares of common stock.
- The transaction was executed at a price of $22.79 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Johnson directly owns 131,236 shares of Victoria's Secret & Co.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/02/2024 | Date of stock disposal transaction |
| 06/04/2024 | Date of signature on the Form 4 filing |
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