Form 4: Williams-Sonoma Executive Monica Bhargava Reports Stock Transactions
SEC Form 4 Filing
Monica Bhargava, President of Pottery Barn Brand at Williams-Sonoma, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Monica Bhargava, President of Pottery Barn Brand at Williams-Sonoma Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On August 1, 2024, Ms. Bhargava vested 3,244 restricted stock units, each representing one share of WSM common stock.
- Simultaneously, 1,645 shares were disposed of at a price of $154.68 to cover tax withholding obligations related to the vesting.
- Following these transactions, Ms. Bhargava directly owns 1,599 shares of common stock and indirectly owns 11,515 shares through a managed account.
- She also holds 9,738 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: vesting of restricted stock units and sale of shares for tax obligations. |
| 08/01/2024 | Date of statement for shares held in the Williams-Sonoma, Inc. Stock Fund under the Williams-Sonoma, Inc. 401(k) Plan. |
| 08/01/2025 | Next vesting date for restricted stock units. |
| 08/01/2026 | Vesting date for restricted stock units. |
| 08/01/2027 | Final vesting date for restricted stock units. |
| 08/02/2024 | Date of Form 4 signature. |
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