1-800-Flowers.com (FLWS) CAO uses 15,087 shares to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
1-800-Flowers.com Chief Accounting Officer Priscilla Kasenchak had shares withheld to cover taxes on vested stock awards. On the transaction date, 15,087 shares of Class A Common Stock were delivered back to the company at $3.77 per share for tax-withholding purposes, a deemed disposition exempt under Section 16(b). After this non-market, compensation-related event, she directly owned 119,114 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kasenchak Priscilla
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 15,087 | $3.77 | $57K |
Holdings After Transaction:
Class A Common Stock — 119,114 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 15,087 shares
Withholding price per share: $3.77 per share
Shares held after transaction: 119,114 shares
+1 more
4 metrics
Shares withheld for taxes
15,087 shares
Tax-withholding disposition of Class A Common Stock
Withholding price per share
$3.77 per share
Value used for tax-withholding disposition
Shares held after transaction
119,114 shares
Direct ownership after tax-withholding event
Tax-withholding transactions
1 transaction
Tax-withholding count in this Form 4
Key Terms
Section 16(b), withholding for tax purposes, restricted shares of Common Stock
3 terms
Section 16(b) regulatory
"exempt under Section 16(b) of the Exchange Act consisting of the withholding"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
withholding for tax purposes financial
"consisting of the withholding for tax purposes of shares of Common Stock"
FAQ
What insider transaction did FLWS Chief Accounting Officer report?
Priscilla Kasenchak reported a disposition of 15,087 FLWS shares. The shares were withheld by the company to cover taxes upon vesting of restricted stock, rather than sold in the open market.
What does transaction code F mean in the FLWS Form 4 filing?
Transaction code F in the FLWS Form 4 indicates shares disposed to pay tax or exercise costs. Here, 15,087 shares were withheld by the company to cover tax liabilities from vesting restricted stock, not as a discretionary market sale.