Duluth CEO shares withheld for tax on vesting
Duluth Holdings Inc. President and CEO Stephanie L. Pugliese reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Duluth Holdings Inc. President and CEO Stephanie L. Pugliese reported a tax-related share disposition. On the reported date, 181,935 shares of Class B Common Stock were used to satisfy a tax withholding obligation upon the vesting of restricted stock at $3.31 per share, leaving her with 2,265,225 Class B shares held directly.
An additional 12,849 Class B shares are held by one of her children. Pugliese expressly disclaims beneficial ownership of those child-held shares, which are reported as an indirect holding and are not treated as her personal economic interest for Section 16 purposes.
Insider Trade Summary
Exercise Price or Tax Liability: 181,935 shares
Exercise Price or Tax Liability
2 txns
Insider
PUGLIESE STEPHANIE L.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 181,935 | $3.31 | $602K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,265,225 shares (Direct);
Class B Common Stock — 12,849 shares (Indirect, By Child)
Footnotes (2)
- F1. Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock.
- F2. The reporting person disclaims beneficial ownership of 12,849 shares of Duluth Holdings, Inc. common stock held by one of her children residing in her household, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Key Figures
Tax-withholding shares: 181,935 shares
Tax-withholding price: $3.31 per share
Direct holdings after transaction: 2,265,225 shares
+1 more
4 metrics
Tax-withholding shares
181,935 shares
Shares used to satisfy tax withholding on restricted stock vesting
Tax-withholding price
$3.31 per share
Value assigned to Class B shares used for tax withholding
Direct holdings after transaction
2,265,225 shares
Class B shares directly held by CEO following tax-withholding disposition
Child-held shares
12,849 shares
Class B shares held by CEO’s child; beneficial ownership disclaimed
Key Terms
restricted stock, tax withholding obligation, beneficial ownership, Section 16
4 terms
restricted stock financial
"Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligation financial
"Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock."
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of 12,849 shares of Duluth Holdings, Inc. common stock held by one of her children"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Duluth Holdings (DLTH) report for Stephanie L. Pugliese?
Duluth Holdings reported that CEO Stephanie L. Pugliese had 181,935 Class B shares withheld for taxes. The shares were used to satisfy tax obligations triggered by vesting restricted stock, rather than representing an open-market sale, and are coded as a tax-withholding disposition.
What does the tax-withholding code F mean in this Duluth Holdings (DLTH) Form 4?
Code F indicates shares were disposed of to pay an exercise price or tax liability. In this filing, 181,935 Class B shares at $3.31 were surrendered to satisfy tax withholding triggered by restricted stock vesting, not sold in an open-market transaction.
Does this Duluth Holdings (DLTH) Form 4 show any open-market buying or selling by the CEO?
The filing does not report any open-market purchases or sales by Stephanie L. Pugliese. The only share disposition is a tax-withholding event coded F, where 181,935 shares were delivered to satisfy tax obligations arising from restricted stock vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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