Floor & Decor EVP surrenders 1,033 shares for taxes
Floor & Decor Holdings EVP Steven Alan Denny reported tax-related share dispositions.
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
Exercise Price or Tax Liability: 1,033 shares
Exercise Price or Tax Liability
3 txns
Insider
DENNY STEVEN ALAN
Role
EVP, STORE OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock, par value $0.001 | 218 | $69.09 | $15K |
| Exercise Price or Tax Liability | Class A common stock, par value $0.001 | 539 | $69.09 | $37K |
| Exercise Price or Tax Liability | Class A common stock, par value $0.001 | 276 | $70.14 | $19K |
Holdings After Transaction:
Class A common stock, par value $0.001 — 19,131 shares (Direct)
Footnotes (1)
- F1. Represents shares underlying restricted stock units ("RSUs") surrendered to satisfy the reporting person's tax withholding obligation upon vesting of the RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.