DICK'S Sporting (DKS) director gets 838 RSUs, shifts 975 shares to trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COLOMBO WILLIAM J reported acquisition or exercise transactions in this Form 4 filing.
DICK'S Sporting Goods director William J. Colombo reported a new equity award and updated holdings. He received a grant of 838 shares of common stock as time-based restricted stock, which are subject to vesting. Following this grant, he directly owns 838 shares and indirectly holds 173,987 shares through a trust for which his spouse is the primary beneficiary, reflecting a transfer of 975 shares previously reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
COLOMBO WILLIAM J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 838 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 838 shares (Direct, null);
Common Stock, par value $0.01 per share — 173,987 shares (Indirect, By Trust)
Footnotes (1)
- Shares of time-based restricted stock, subject to vesting. The reporting person transferred 975 shares to a trust (for which the reporting person's spouse is the primary beneficiary), that were previously reported as directly beneficially owned.
Key Figures
Restricted stock grant: 838 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 838 shares
+3 more
6 metrics
Restricted stock grant
838 shares
Time-based restricted stock award to William J. Colombo
Grant price per share
$0.0000 per share
Price for 838-share restricted stock grant
Direct holdings after grant
838 shares
Common stock directly owned by Colombo after transactions
Indirect trust holdings
173,987 shares
Common stock held indirectly through a trust
Shares transferred to trust
975 shares
Previously direct, now indirectly owned via spouse-benefit trust
Transaction code
A
Grant, award, or other acquisition of 838 shares
Key Terms
time-based restricted stock, Grant, award, or other acquisition, indirect ownership, trust
4 terms
time-based restricted stock financial
"Shares of time-based restricted stock, subject to vesting."
Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"direct_or_indirect: I, ownership_type: indirect, nature_of_ownership: By Trust"
trust financial
"transferred 975 shares to a trust (for which the reporting person's spouse is the primary beneficiary)"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What insider transaction did William J. Colombo report at DKS?
William J. Colombo reported receiving 838 shares of DICK'S Sporting Goods common stock as a grant of time-based restricted stock. These shares were acquired at no cost and are subject to vesting conditions before becoming fully owned.
What does time-based restricted stock mean in the DKS Form 4 filing?
Time-based restricted stock refers to shares awarded that vest over a specified time period. In this DICK'S Sporting Goods filing, Colombo’s 838 granted shares are subject to vesting, meaning he gains full ownership only after meeting the time-based requirements.