Barnes & Noble Education (BNED) CEO sells 67,896 shares to cover RSU tax
Rhea-AI Filing Summary
Barnes & Noble Education, Inc. CEO Jonathan Shar reported an open-market sale of 67,896 shares of common stock at a weighted average price of $12.83 per share. A footnote explains these shares were sold upon vesting of restricted performance stock units to cover applicable withholding taxes, indicating a tax-driven, routine transaction rather than a discretionary portfolio move. Following the sale, he directly holds 294,940 shares of the company’s stock.
Positive
- None.
Negative
- None.
Insights
CEO sale is mainly tax-related and routine in nature.
CEO Jonathan Shar reported selling 67,896 shares of Barnes & Noble Education common stock at a weighted average price of $12.83 per share. The filing shows this as an open-market sale.
A key footnote states the shares came from vesting restricted performance stock units and were sold to cover withholding taxes. That makes the event compensation- and tax-driven rather than a discretionary reduction in exposure. After the transaction, he still directly owns 294,940 shares.
The sale was executed across multiple trades between $12.43 and $13.10 per share, with detailed trade data available on request. With no remaining derivative positions listed, the filing mainly updates his direct stock holdings and reflects standard handling of equity-based compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 67,896 | $12.83 | $871K |
Footnotes (1)
- Shares sold by Reporting Owner on vesting of restricted performance stock units (payable solely in common stock of the Issuer on the vesting date) to cover applicable withholding taxes. Sales were made in a series of transactions at sales prices ranging from $12.43 to $13.10 per share. The price reported is a weighted average price. Full information regarding the number of shares sold at each separate price will be provided upon request.