Floor & Decor (NYSE: FND) EVP withholds 907 shares for tax obligation
Rhea-AI Filing Summary
Floor & Decor Holdings EVP & CIO John J Adamson reported a tax-withholding disposition of 907 shares of Class A common stock on August 5, 2026, surrendering restricted stock to cover taxes upon vesting rather than selling shares on the open market. After this transaction, he directly holds 21,592 shares. A footnote explains that this holding figure also corrects earlier ownership reporting by giving effect to a previously reported 5,122-share restricted stock acquisition that had been inadvertently omitted from a prior Form 4 total.
Positive
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Negative
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Insider Trade Summary
Net Seller: 907 shares
Net Sell
1 txn
Insider
Adamson John J
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock, par value $0.001 F1, F2 | 907 | $62.69 | $57K |
Holdings After Transaction:
Class A common stock, par value $0.001 — 21,592 shares (Direct)
Footnotes (2)
- F1. Represents shares of restricted stock surrendered to satisfy the reporting person's tax withholding obligation upon vesting of the restricted stock award. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
- F2. The amount reported in Column 5 of Table I of the reporting person's Form 4 filed on February 26, 2026 inadvertently omitted the effect of the acquisition of 5,122 shares reported on the Form 4 filed on February 25, 2026. The amount in this Form 4 gives effect to the transaction reported herein and all previously reported transactions.
Key Figures
Shares surrendered for taxes: 907 shares
Deemed price per share: $62.69 per share
Direct holdings after transaction: 21,592 shares
+1 more
4 metrics
Shares surrendered for taxes
907 shares
Restricted stock surrendered on August 5, 2026 to satisfy tax withholding
Deemed price per share
$62.69 per share
Value used for the tax-withholding disposition of 907 shares
Direct holdings after transaction
21,592 shares
Shares of Class A common stock owned directly by Adamson following the disposition
Previously omitted acquisition
5,122 shares
Restricted stock acquisition referenced in the corrective footnote to prior Form 4
Key Terms
restricted stock, tax withholding obligation, deemed disposition, Rule 16b-3(e)
4 terms
restricted stock financial
"Represents shares of restricted stock surrendered to satisfy the reporting person's tax with"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligation financial
"surrendered to satisfy the reporting person's tax withholding obligation upon vesting of the"
deemed disposition regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
Rule 16b-3(e) regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FND executive John J Adamson report on this Form 4?
John J Adamson reported a tax-withholding disposition of 907 shares of Floor & Decor Class A common stock on August 5, 2026. The shares were surrendered from restricted stock that vested, to satisfy his tax withholding obligation, rather than being sold in the market.
Was John J Adamson’s FND Form 4 transaction an open-market sale?
No. The Form 4 describes the event as shares of restricted stock surrendered to satisfy Adamson’s tax withholding obligation upon vesting. It is a deemed disposition for tax purposes, exempt under Rule 16b-3(e), not a voluntary open-market sale of shares.
What prior reporting correction is disclosed in Adamson’s FND Form 4 footnotes?
A footnote explains that a prior Form 4 filed on February 26, 2026 omitted the effect of acquiring 5,122 shares reported on February 25, 2026. The current holding amount now reflects that 5,122-share restricted stock acquisition plus all other reported transactions.