Form 4: Zumiez Legal Officer Sells Shares for Tax
Insider Transaction Report
Zumiez Inc.'s Chief Legal Officer, Chris K. Visser, reported the disposition of 1,371 shares to cover tax obligations on restricted stock.
Summary
- Chris K. Visser, Chief Legal Officer & Secretary of Zumiez Inc. (ZUMZ), reported a change in beneficial ownership.
- On March 18, 2026, Visser disposed of 1,371 shares of Common Stock at a price of $21.17 per share.
- This disposition was due to shares being withheld by Zumiez Inc. to cover tax obligations related to restricted stock.
- Following this transaction, Visser beneficially owns 53,474 shares of Zumiez Inc. Common Stock.
- The total shares beneficially owned include 3,893 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation.
Positives
- The reporting person continues to hold a substantial number of shares (53,474), indicating continued alignment with shareholder interests.
- The inclusion of 3,893 shares acquired through the Employee Stock Purchase Plan demonstrates ongoing participation in company equity programs.
Negatives
- The disposition of 1,371 shares, even for tax purposes, represents a reduction in direct beneficial ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that tax withholdings on restricted stock vesting are a routine and non-discretionary event for executives, common across various industries as part of equity compensation plans.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes.
- Management: A standard administrative event for the Chief Legal Officer related to their equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/18/2026 | Transaction Date: Disposition of shares for tax withholding. |
| 03/19/2026 | Filing Date of the Form 4. |
Keywords
Zumiez Inc., ZUMZ, Chris K. Visser, Form 4, insider transaction, beneficial ownership, restricted stock, tax withholding, Chief Legal Officer, equity compensation
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