Form 4: Williams-Sonoma CEO Laura Alber Reports Stock Transactions
SEC Form 4
Laura Alber, President and CEO of Williams-Sonoma, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Laura Alber, the President and CEO of Williams-Sonoma Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On April 15, 2024, Alber vested 86,194 restricted stock units (RSUs) and sold shares to cover tax obligations, resulting in the disposal of 43,684 shares at $288.85.
- Also on April 15, 2024, Alber vested 8,689 RSUs and sold shares to cover tax obligations, resulting in the disposal of 4,404 shares at $288.85.
- On April 16, 2024, Alber vested 30,457 RSUs and sold shares to cover tax obligations, resulting in the disposal of 15,436 shares at $288.53.
- Following these transactions, Alber directly owns 575,550 shares of Williams-Sonoma stock and indirectly owns 16,412 shares through a managed account.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
- Employees participating in the Williams-Sonoma, Inc. 401(k) Plan may be indirectly affected by changes in the stock price.
Key Dates
| Date | Description |
|---|---|
| 04/15/2021 | Grant date of some restricted stock units that vested on April 15, 2024. |
| 04/15/2024 | Vesting of 86,194 restricted stock units and disposal of 43,684 shares at $288.85. |
| 04/15/2024 | Vesting of 8,689 restricted stock units and disposal of 4,404 shares at $288.85. |
| 04/16/2024 | Vesting of 30,457 restricted stock units and disposal of 15,436 shares at $288.53. |
| 04/16/2024 | Date of the Williams-Sonoma, Inc. Stock Fund statement used to determine indirect ownership. |
| 04/17/2024 | Date of the Form 4 filing. |
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