Floor & Decor (NYSE: FND) EVP uses 1,033 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings EVP Steven Alan Denny reported tax-related share dispositions. On February 26–27, he surrendered a total of 1,033 shares of Class A common stock, at deemed prices around $69–70 per share, to cover tax withholding on vesting restricted stock units. After these transactions, he directly held about 19,131 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DENNY STEVEN ALAN
Role
EVP, STORE OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock, par value $0.001 | 218 | $69.09 | $15K |
| Tax Withholding | Class A common stock, par value $0.001 | 539 | $69.09 | $37K |
| Tax Withholding | Class A common stock, par value $0.001 | 276 | $70.14 | $19K |
Holdings After Transaction:
Class A common stock, par value $0.001 — 19,670 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FND executive Steven Alan Denny report?
Steven Alan Denny reported disposing of shares to cover taxes on vesting RSUs. He surrendered 1,033 Floor & Decor Class A shares through tax-withholding dispositions rather than open-market sales, as indicated by Form 4 transaction code F and the related footnote.
At what prices were the FND tax-withholding dispositions recorded?
The dispositions were recorded at deemed prices of $70.14 and $69.09 per share. These prices apply to the RSU-related share surrenders on February 26 and 27, respectively, and reflect the fair market value used for satisfying tax obligations on vesting.
What does transaction code F mean in the FND Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, it shows that Floor & Decor executive Steven Alan Denny surrendered RSU shares to cover tax withholding, rather than executing ordinary market purchases or sales of stock.