DICK'S Sporting Goods (DKS) insider gets 1,630 restricted shares, withholds 327 for taxes
Rhea-AI Filing Summary
DICK'S Sporting Goods insider Michael E. Stack reported compensation-related share activity involving common and Class B stock. He received a grant of 1,630 shares of time-based restricted stock on common shares. To cover tax obligations, 327 common shares were disposed of by share withholding at a price of $191.75 per share, rather than through an open-market sale.
After these transactions, Stack directly holds 38,056 shares of common and Class B stock, including 24,142 shares of Class B common stock with 10 votes per share. He also has indirect holdings of 12,056,390 shares through family trusts, which include 11,965,997 shares of Class B common stock. He shares investment authority in these trusts and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,630 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 327 | $191.75 | $63K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- Shares of time-based restricted stock, subject to vesting. Amount includes 24,142 shares of Class B common stock (the "Class B Common Stock"), which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B Common Stock have identical rights to holders of common stock, except that holders of Class B Common Stock are entitled to 10 votes for each share held of record. Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of common stock. Amount includes 11,965,997 shares of Class B Common Stock. The reporting person has shared investment authority as a manager of the trustee entity of certain family trusts holding shares of the Issuer, and is a co-beneficiary of such trusts. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.