Floor & Decor (NYSE: FND) CEO surrenders 2,461 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings, Inc. director and CEO Bradley Paulsen reported a routine tax-withholding share disposition related to vested equity awards. On the transaction date, 2,461 shares of Class A common stock were surrendered at a deemed price of $48.30 per share to cover his tax withholding obligation when restricted stock units vested.
The filing describes this as a tax-withholding disposition exempt under Rule 16b-3(e), not an open-market sale. After this transaction, Paulsen directly owns 82,549 shares of Class A common stock, so the withheld amount represents a relatively small portion of his overall holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PAULSEN BRADLEY
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock, par value $0.001 | 2,461 | $48.30 | $119K |
Holdings After Transaction:
Class A common stock, par value $0.001 — 82,549 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares surrendered for tax withholding: 2,461 shares
Deemed price per share: $48.30 per share
Shares held after transaction: 82,549 shares
3 metrics
Shares surrendered for tax withholding
2,461 shares
RSU vesting tax-withholding disposition on transaction date
Deemed price per share
$48.30 per share
Value used for 2,461-share tax-withholding disposition
Shares held after transaction
82,549 shares
Direct holdings of Class A common stock following disposition
Key Terms
restricted stock units, tax withholding obligation, Rule 16b-3(e)
3 terms
restricted stock units financial
"Represents shares underlying restricted stock units ("RSUs") surrendered to satisfy the reporting person's tax withholding obligation"
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 withholding obligation financial
"RSUs surrendered to satisfy the reporting person's tax withholding obligation upon vesting of the RSUs"
Rule 16b-3(e) regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
FAQ
What did FND CEO Bradley Paulsen report in this Form 4 filing?
Bradley Paulsen reported surrendering 2,461 shares of Floor & Decor Class A common stock to cover tax withholding on vested RSUs. The shares were deemed disposed at $48.30 each, and the transaction is described as exempt under Rule 16b-3(e), not an open-market sale.