Dollar Tree (NASDAQ: DLTR) legal chief awarded 7,359 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOLLAR TREE, INC. Chief Legal Officer Mitchell John S. Jr. reported routine equity compensation activity. He disposed of 980 shares of common stock at $108.70 per share, with the shares surrendered to cover tax liability from vesting restricted stock units.
On the same date, he acquired 7,359 shares of common stock at no cost through a grant or award. These restricted stock units were granted under the company’s 2021 Omnibus Incentive Plan and are scheduled to vest in approximately three equal annual installments, subject to continued employment. Following these transactions, he directly holds 19,978 shares of Dollar Tree common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mitchell John S. JR
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 980 | $108.70 | $107K |
| Grant/Award | Common Stock | 7,359 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,619 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
Shares surrendered for taxes: 980 shares
Tax value per share: $108.70 per share
Shares granted: 7,359 shares
+2 more
5 metrics
Shares surrendered for taxes
980 shares
Tax-withholding disposition on restricted stock unit vesting
Tax value per share
$108.70 per share
Value used for 980-share tax-withholding transaction
Shares granted
7,359 shares
Common stock grant at $0.00 under equity award
Post-transaction holdings
19,978 shares
Direct ownership of Dollar Tree common stock after transactions
Vesting schedule
Three equal annual installments
Restricted stock units vesting from anniversary of award date
Key Terms
restricted stock units, 2021 Omnibus Incentive Plan, tax liability, grant, award, or other acquisition
4 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 in approximately three equal annual installments"
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 A described as Grant, award, or other acquisition."
FAQ
What insider transactions did Dollar Tree (DLTR) report for Mitchell John S. Jr.?
Dollar Tree’s Chief Legal Officer Mitchell John S. Jr. surrendered 980 shares to cover taxes on vesting restricted stock units and received 7,359 shares as a stock grant. Both transactions are compensation-related, not open-market trading activity.
What is the vesting schedule for the new Dollar Tree (DLTR) restricted stock units?
The restricted stock units are scheduled to vest in approximately three equal annual installments, beginning on the anniversary of the award date. Vesting is conditioned on the executive’s continued employment with Dollar Tree, aligning compensation with longer-term service.
Was there an open-market sale of Dollar Tree (DLTR) stock in this Form 4?
The Form 4 does not report any open-market sale. The 980-share disposition was a tax-withholding transaction where shares were surrendered to cover tax liabilities from restricted stock unit vesting, rather than sold on the open market.