Form 4: Williams-Sonoma EVP David King Reports Stock Transactions
SEC Form 4
David Randolph King, EVP General Counsel of Williams-Sonoma, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On April 15 and 16, 2024, David Randolph King, EVP General Counsel of Williams-Sonoma Inc., engaged in transactions involving the company's common stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- On April 15, 8,618 RSUs vested, and 4,368 shares were withheld at a price of $288.85.
- Also on April 15, 2,027 RSUs vested, and 1,028 shares were withheld at a price of $288.85.
- On April 16, 8,122 RSUs vested, and 4,117 shares were withheld at a price of $288.53.
- Following these transactions, King directly owns 60,512 shares of Williams-Sonoma common stock and indirectly owns 231 shares through a managed account.
- He also holds 2,028 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
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 8,618 restricted stock units and withholding of 4,368 shares for tax obligations at $288.85. |
| 04/15/2024 | Vesting of 2,027 restricted stock units and withholding of 1,028 shares for tax obligations at $288.85. |
| 04/16/2024 | Vesting of 8,122 restricted stock units and withholding of 4,117 shares for tax obligations at $288.53. |
| 04/16/2024 | Date of Williams-Sonoma, Inc. Stock Fund statement used to determine indirect ownership. |
| 04/17/2024 | Date of Form 4 signature. |
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