Dollar Tree (NASDAQ: DLTR) CEO logs tax-withheld shares and 44,158 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dollar Tree Chief Executive Officer Michael C. Creedon Jr. reported routine equity compensation activity involving company common stock. On the vesting of restricted stock units, 10,224 shares were surrendered at $108.70 per share to cover tax liabilities, a non-market tax-withholding disposition.
He also received a new award of 44,158 restricted stock units at no purchase price under the company’s 2021 Omnibus Incentive Plan. These units are scheduled to vest in approximately three equal annual installments beginning on the award’s anniversary, subject to continued employment. Following these transactions, he directly holds 117,528 shares of Dollar Tree common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Creedon Michael C Jr
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,224 | $108.70 | $1.11M |
| Grant/Award | Common Stock | 44,158 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 73,370 shares (Direct)
Footnotes (1)
- Shares deemed surrendered in payment of tax liability resulting from vesting of restricted stock units. Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan and will vest in approximately three equal annual installments, beginning on the anniversary of the award date, subject to continued employment
Key Figures
Tax-withheld shares: 10,224 shares
Tax-withholding price: $108.70 per share
New RSU grant: 44,158 units
+3 more
6 metrics
Tax-withheld shares
10,224 shares
Shares surrendered to cover tax liability on RSU vesting
Tax-withholding price
$108.70 per share
Value used for 10,224-share tax-withholding disposition
New RSU grant
44,158 units
Restricted stock units granted under 2021 Omnibus Incentive Plan
Grant price
$0.00 per share
No purchase price for RSU grant to CEO
Post-transaction holdings
117,528 shares
Common stock directly held after reported transactions
Tax-withholding share count (summary)
10,224 shares
TaxWithholdingShares in transaction summary
Key Terms
restricted stock units, 2021 Omnibus Incentive Plan, tax liability, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Shares deemed surrendered in payment of tax liability resulting from vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Omnibus Incentive Plan financial
"Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan and will vest..."
tax liability financial
"Shares deemed surrendered in payment of tax liability resulting from vesting of restricted stock units."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transactions did DLTR CEO Michael Creedon Jr. report?
Michael Creedon Jr. reported a tax-withholding disposition of 10,224 Dollar Tree shares and a new grant of 44,158 restricted stock units. The disposition covered tax liabilities from vesting, while the grant was a compensation award under the 2021 Omnibus Incentive Plan.
How many Dollar Tree restricted stock units were granted to the CEO?
Michael Creedon Jr. received 44,158 restricted stock units of Dollar Tree common stock as a compensation award. The units were granted at no purchase price under the 2021 Omnibus Incentive Plan and are subject to a multi-year vesting schedule tied to continued employment.
How will the CEO’s new Dollar Tree RSU grant vest over time?
The 44,158 restricted stock units will vest in approximately three equal annual installments starting on the anniversary of the award date. Vesting is conditioned on Michael Creedon Jr.’s continued employment, aligning the compensation award with ongoing service at Dollar Tree.