Dollar Tree (NASDAQ: DLTR) CIO nets 8,739 RSUs, holds 27K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dollar Tree, Inc. Chief Information Officer Robert Aflatooni reported routine equity compensation changes in company stock. He received an award of 8,739 shares of common stock as a grant, recorded at a price of $0 per share as part of his compensation.
On the same date, 2,810 shares were surrendered at $108.70 per share to cover tax liabilities from the vesting of restricted stock units, rather than being sold on the open market. Following these transactions, Aflatooni directly holds 27,320 shares of Dollar Tree common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Aflatooni Robert
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,810 | $108.70 | $305K |
| Grant/Award | Common Stock | 8,739 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,581 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-withholding shares: 2,810 shares
Equity grant: 8,739 shares
Share price reference: $108.70 per share
+1 more
4 metrics
Tax-withholding shares
2,810 shares
Shares surrendered at $108.70 to cover RSU tax liability
Equity grant
8,739 shares
Common stock granted as a compensation award
Share price reference
$108.70 per share
Value used for tax-liability share surrender
Post-transaction holdings
27,320 shares
Direct Dollar Tree common stock held after transactions
Key Terms
restricted stock units, tax liability, 2021 Omnibus Incentive Plan, vesting
4 terms
restricted stock units financial
"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.
tax liability financial
"Shares deemed surrendered in payment of tax liability resulting"
2021 Omnibus Incentive Plan financial
"Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan"
vesting financial
"resulting from vesting of restricted stock units."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Dollar Tree (DLTR) report for Robert Aflatooni?
Dollar Tree reported that CIO Robert Aflatooni received a grant of 8,739 shares of common stock and surrendered 2,810 shares to cover tax liabilities tied to restricted stock unit vesting, leaving him with 27,320 shares held directly.
What type of equity award did Dollar Tree (DLTR) grant to its CIO?
Dollar Tree granted Robert Aflatooni restricted stock units covering 8,739 shares under its 2021 Omnibus Incentive Plan. According to the footnote, these units will vest in roughly three equal annual installments, subject to his continued employment with the company.