Form 4: YETI CFO's Tax Withholding on RSU Vesting
Insider Transaction Report
YETI Holdings, Inc. CFO Michael J. McMullen reported a routine disposition of 454 shares to cover tax obligations from restricted stock unit vesting.
Summary
- Michael J. McMullen, CFO of YETI Holdings, Inc., reported a transaction on August 18, 2025.
- The transaction involved the disposition of 454 shares of Common Stock.
- These shares were withheld by YETI Holdings, Inc. to satisfy tax withholding obligations related to the vesting of previously granted restricted stock units (RSUs).
- The shares were valued at $34.46 per share for tax purposes.
- Following this transaction, Mr. McMullen beneficially owns 57,681 shares of Common Stock.
- This beneficial ownership includes 24,407 shares underlying restricted stock units, which will convert to common stock on a one-for-one basis upon settlement.
Sentiment
Score: 5
Explanation: The transaction is a neutral, routine event related to executive compensation and tax compliance, with no direct positive or negative implications for the company's operations or financial health.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine insider transaction related to executive compensation and tax compliance, common across all industries for publicly traded companies with RSU programs. It does not reflect broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Attorney-in-Fact | Michael J. McMullen granted a Power of Attorney to specific individuals (Bryan C. Barksdale, Lauren A. Hurley of YETI Holdings, and Shelly Heyduk, Ashley Gust, Lake Gray of OMelveny & Myers LLP) to sign and file SEC forms (ID, 3, 4, 5, 144) and manage his EDGAR account. | 05/01/2025 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for insiders, ensuring compliance with reporting requirements. It does not represent a change in company bylaws or core governance structure, but rather an administrative delegation. |
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related disposition and does not directly impact shareholder value or company strategy. It provides transparency into insider holdings.
- Employees: No direct impact on employees beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Effective date of the Power of Attorney granted by Michael J. McMullen for SEC filings. |
| 08/18/2025 | Date of the reported transaction (shares withheld for tax obligations). |
| 08/20/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
YETI Holdings, YETI, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, CFO, Michael J. McMullen
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