Flowers Foods (NYSE: FLO) CGO logs share award and tax-withholding disposition
Rhea-AI Filing Summary
FLOWERS FOODS INC Chief Growth Officer Terry S. Thomas reported equity transactions in company common stock. He acquired 34,617 shares on a grant or award basis at no cost in connection with the vesting of contingent performance share units under the 2014 Omnibus Equity and Incentive Compensation Plan. On the same date, 8,428 shares were disposed of at $9.65 per share to satisfy tax obligations through a tax-withholding disposition, not an open-market sale, leaving him with 114,977.1959 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,189 shares
Net Buy
2 txns
Insider
THOMAS TERRY S
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,617 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,428 | $9.65 | $81K |
Holdings After Transaction:
Common Stock — 114,977.1959 shares (Direct)
Footnotes (1)
- F1. Vesting of contingent performance share units granted under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan (Amended and Restated Effective May 25, 2023).
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FAQ
What insider transactions did FLOWERS FOODS INC (FLO) report for Terry S. Thomas?
FLOWERS FOODS INC reported that Chief Growth Officer Terry S. Thomas acquired 34,617 shares of common stock via an equity award. On the same date, 8,428 shares were disposed of to cover tax obligations, leaving him with 114,977.1959 directly held shares.
What equity plan is referenced in the FLOWERS FOODS INC (FLO) Form 4 for Terry S. Thomas?
The Form 4 references the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan, amended and restated effective May 25, 2023. The 34,617-share acquisition comes from vesting of contingent performance share units originally granted under this incentive compensation plan.
Was the FLOWERS FOODS INC (FLO) insider transaction an open-market buy or sell?
The reported activity was not an open-market buy or sell. Terry S. Thomas received 34,617 shares via an equity award vesting and had 8,428 shares withheld in a tax-withholding disposition, classified as payment of tax liability by delivering securities.