Krispy Kreme CEO covers taxes with share surrender
Krispy Kreme, Inc. President & CEO Josh Charlesworth reported a routine tax-related share transaction.
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Form Type
4
Rhea-AI Filing Summary
Krispy Kreme, Inc. President & CEO Josh Charlesworth reported a routine tax-related share transaction. He surrendered 4,211 shares of common stock at $3.64 per share to cover tax withholding for the vesting of restricted stock units. After this disposition, he holds 1,026,829 shares directly, plus indirect holdings of 276,671 shares through a revocable trust and 281,857 shares through a family LLC.
Insider Trade Summary
Exercise Price or Tax Liability: 4,211 shares
Exercise Price or Tax Liability
3 txns
Insider
Charlesworth Josh
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,211 | $3.64 | $15K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,026,829 shares (Direct);
Common Stock — 281,857 shares (Indirect, By Family LLC);
Common Stock — 276,671 shares (Indirect, Revocable Trust)
Footnotes (2)
- F1. Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").
- F2. Direct: 193,010, unvested RSUs: 833,819.
Key Figures
Tax-withholding shares: 4,211 shares
Tax-withholding price: $3.64 per share
Direct holdings after transaction: 1,026,829 shares
+4 more
7 metrics
Tax-withholding shares
4,211 shares
Shares surrendered to cover RSU tax withholding
Tax-withholding price
$3.64 per share
Value used for tax-withholding disposition
Direct holdings after transaction
1,026,829 shares
Total common stock directly held after disposition
Revocable trust holdings
276,671 shares
Indirect common stock held through revocable trust
Family LLC holdings
281,857 shares
Indirect common stock held through family LLC
Direct shares (footnote)
193,010 shares
Direct holdings referenced in footnote
Unvested RSUs
833,819 units
Unvested restricted stock units referenced in footnote
Key Terms
restricted stock units ("RSUs"), tax withholding, Revocable Trust, By Family LLC, +1 more
5 terms
restricted stock units ("RSUs") financial
"shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding financial
"shares surrendered to cover tax withholding for the vesting of restricted stock units"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Revocable Trust financial
"total_shares_following_transaction": "276671.0000" ... "nature_of_ownership": "Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
By Family LLC financial
"total_shares_following_transaction": "281857.0000" ... "nature_of_ownership": "By Family LLC""
tax-withholding disposition financial
""transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Krispy Kreme (DNUT) report for CEO Josh Charlesworth?
Krispy Kreme reported that CEO Josh Charlesworth surrendered 4,211 shares of common stock. The shares were delivered to satisfy tax withholding obligations tied to vesting restricted stock units, which is a routine compensation-related event rather than an open-market sale.
What do the restricted stock unit (RSU) details show in the Krispy Kreme (DNUT) Form 4?
A footnote states that direct holdings total 193,010 shares and unvested RSUs total 833,819. The 4,211-share surrender covered tax withholding for RSU vesting, illustrating how stock-based compensation is managed for the CEO at Krispy Kreme.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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