Genesco (NYSE: GCO) SVP sees 373 shares withheld for tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC Senior VP Daniel E. Ewoldsen reported a routine tax-withholding event related to equity compensation. On the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan, 373 shares of common stock were withheld at $36.18 per share to cover minimum tax obligations. After this non‑market disposition, Ewoldsen directly holds 52,057 shares of Genesco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ewoldsen Daniel E
Role
Senior VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 373 | $36.18 | $13K |
Holdings After Transaction:
Common Stock — 52,057 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 373 shares
Withholding price per share: $36.18 per share
Shares held after transaction: 52,057 shares
3 metrics
Shares withheld for taxes
373 shares
Withheld upon vesting of restricted stock to cover tax liability
Withholding price per share
$36.18 per share
Value used for 373 withheld shares of common stock
Shares held after transaction
52,057 shares
Direct Genesco common stock holdings following tax withholding
Key Terms
restricted stock, tax withholding liability, Third Amended and Restated 2020 Equity Incentive Plan, tax-withholding disposition
4 terms
restricted stock financial
"upon the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan"
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 liability financial
"Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock"
Third Amended and Restated 2020 Equity Incentive Plan financial
"restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Genesco (GCO) Senior VP Daniel Ewoldsen report in this Form 4?
Daniel Ewoldsen reported 373 Genesco common shares being withheld to cover taxes on vested restricted stock. This was a compensation-related tax-withholding event, not an open-market trade, and it slightly reduced his directly held shares while remaining a routine transaction.
What equity plan is involved in Daniel Ewoldsen’s Genesco (GCO) Form 4 filing?
The transaction arises from restricted stock granted under Genesco’s Third Amended and Restated 2020 Equity Incentive Plan. Shares vested under this plan triggered tax obligations, leading the company to withhold 373 common shares to satisfy minimum statutory withholding requirements for the executive.