Floor & Decor (FND) EVP surrenders shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings, Inc. executive vice president and chief information officer John J. Adamson reported two small share disposals related to tax withholding on vested restricted stock units. On February 26, 154 Class A shares at $70.14 were surrendered, followed by 254 shares at $69.09 on February 27. After these transactions, he held 17,377 shares directly. The footnote explains these were shares underlying RSUs surrendered to cover tax obligations, and the deemed dispositions are exempt under Rule 16b-3(e), indicating they were administrative, not open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Adamson John J
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock, par value $0.001 | 254 | $69.09 | $18K |
| Tax Withholding | Class A common stock, par value $0.001 | 154 | $70.14 | $11K |
Holdings After Transaction:
Class A common stock, par value $0.001 — 17,377 shares (Direct)
Footnotes (1)
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FAQ
What did Floor & Decor (FND) executive John J. Adamson report in this Form 4?
John J. Adamson reported two tax-related share disposals tied to vested RSUs. He surrendered 154 shares on February 26 and 254 shares on February 27, both to satisfy tax withholding obligations rather than discretionary open-market selling.
What is the transaction code F used in the Floor & Decor (FND) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Adamson surrendered RSU shares to satisfy tax withholding, a deemed disposition that is exempt under Rule 16b-3(e) rather than a traditional open-market trade.
Were Adamson’s Floor & Decor (FND) transactions open-market sales?
No, the Form 4 states the shares represent RSUs surrendered to cover tax withholding. The footnote clarifies these are deemed dispositions exempt under Rule 16b-3(e), distinguishing them from discretionary open-market sales by the executive.
What role does John J. Adamson hold at Floor & Decor (FND)?
John J. Adamson serves as executive vice president and chief information officer at Floor & Decor Holdings, Inc. His Form 4 filing reports administrative, tax-related share surrenders associated with vesting restricted stock units granted as part of his compensation.