Form 4: YETI Holdings CEO Matthew Reintjes Reports Stock Transactions
SEC Form 4 Filing
YETI Holdings CEO Matthew Reintjes reported the disposition of 1,115 shares to cover tax obligations and indirectly owns 110,000 shares through a Spousal Lifetime Access Trust.
Summary
- On August 19, 2024, Matthew J Reintjes, the President and CEO of YETI Holdings, Inc., reported a transaction involving the company's common stock.
- 1,115 shares were disposed of at a price of $40.81 to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Reintjes directly owns 197,337 shares of common stock, which includes 2,833 shares of restricted stock and 76,010 shares underlying restricted stock units.
- Reintjes also indirectly owns 110,000 shares through a Spousal Lifetime Access Trust (SLAT).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock transaction (disposal of shares for tax obligations). |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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