Genesco (GCO) SVP Parag Desai has 1,193 restricted shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genesco Inc. insider Parag Desai, SVP and Chief Strategy & Digital Officer, reported a routine tax-related share withholding. On February 1, 2026, 1,193 shares of common stock were withheld at $28.93 per share to cover minimum tax obligations upon vesting of restricted stock. After this transaction, Desai directly beneficially owned 100,185 shares of Genesco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Desai Parag
Role
SVP, Chief Strat & Dig Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,193 | $28.93 | $35K |
Holdings After Transaction:
Common Stock — 100,185 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Genesco (GCO) report for Parag Desai?
Genesco reported that executive Parag Desai had 1,193 shares of common stock withheld on February 1, 2026. The shares were withheld to satisfy minimum tax withholding obligations when restricted stock vested under the company’s Second Amended and Restated 2020 Equity Incentive Plan.
Was the Genesco (GCO) Form 4 transaction an open-market sale?
No, the Form 4 for Genesco shows a tax withholding event, not an open-market sale. Shares were withheld at $28.93 per share to cover minimum tax liabilities tied to vesting restricted stock granted under the 2020 equity incentive plan.
What does transaction code "F" mean in Genesco (GCO) insider filings?
In this Genesco Form 4, transaction code "F" indicates shares were withheld to pay taxes on equity compensation. Specifically, 1,193 shares were withheld upon vesting of restricted stock to satisfy minimum tax withholding requirements under the company’s equity incentive plan.
What equity plan is referenced in the Genesco (GCO) Form 4 footnote?
The footnote explains that shares were withheld under the Second Amended and Restated 2020 Equity Incentive Plan. Restricted stock granted through this plan vested, triggering a minimum tax withholding requirement that was satisfied by withholding 1,193 Genesco common shares.