Form 4: YETI Holdings CFO Michael McMullen Sells Shares Under 10b5-1 Trading Plan

YETI Holdings CFO Michael McMullen sold 748 shares of common stock at $40 per share on August 29, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 29, 2024, Michael McMullen, CFO of YETI Holdings, Inc., sold 748 shares of common stock at a price of $40 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following the transaction, McMullen directly owns 46,624 shares of YETI common stock, which includes 414 shares of restricted stock and 21,456 shares underlying restricted stock units.
• The restricted stock units will be paid on a one-for-one basis in shares of YETI's common stock upon settlement.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 trading plan provides a legal framework for insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small number of shares involved.
• The sale is unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates