Form 4: Zumiez CFO Sells Shares for Tax Obligations
Insider Transaction Report
Zumiez Inc.'s Chief Financial Officer, Christopher Codington Work, disposed of 1,349 shares of common stock to cover tax obligations on restricted stock.
Summary
- Christopher Codington Work, Chief Financial Officer of Zumiez Inc. (ZUMZ), reported a transaction on March 13, 2026.
- A total of 1,349 shares of Zumiez Inc. common stock were disposed of at a price of $21.43 per share.
- This disposition was executed as a 'F' transaction code, indicating shares withheld by Zumiez Inc. to pay taxes on restricted stock.
- Following this transaction, Mr. Work beneficially owns 104,882 shares of Zumiez Inc. common stock.
- The total beneficial ownership includes 17,295 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and tax planning, with no direct positive or negative implications for company performance or insider sentiment.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for insiders and typically do not reflect a change in sentiment towards the company, especially when related to tax obligations on restricted stock. This is a standard compliance filing.
Stakeholder Impact
- Shareholders: No direct impact on company operations or strategy; a routine compliance filing.
- Employees: No direct impact beyond the reporting person's compensation structure.
Key Dates
| Date | Description |
|---|---|
| 03/13/2026 | Date of transaction where 1,349 shares were disposed of for tax withholding. |
| 03/16/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 filing details a routine disposition of shares by the CFO for tax withholding purposes related to restricted stock. Such transactions are common and do not typically indicate a change in the insider's view of the company's prospects or fundamental value. Therefore, it does not provide a basis for altering an existing investment thesis, leading to a 'hold' recommendation based solely on this filing.
Keywords
Zumiez, ZUMZ, Form 4, Insider Transaction, CFO, Stock Sale, Tax Withholding, Restricted Stock, Employee Stock Purchase Plan
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