Form 4: Williams-Sonoma Executive Marta Benson Reports Stock Transactions
SEC Form 4 Filing
Marta Benson, CEO of Pottery Barn Brands and officer of Williams-Sonoma Inc., reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Marta Benson, CEO of Pottery Barn Brands, reported transactions involving Williams-Sonoma Inc. (WSM) common stock on April 1, 2024.
- The transactions involved the vesting of 77,148 restricted stock units, each representing a right to receive one share of WSM common stock.
- Upon vesting, 77,148 shares were acquired, and 39,099 shares were withheld to cover tax obligations at a price of $317.53 per share.
- Following these transactions, Benson directly owns 86,413 shares of WSM common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely negligible given the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of earliest transaction: vesting of restricted stock units and withholding of shares for tax obligations. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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