Genesco SVP has shares withheld for tax on vesting
GENESCO INC Senior VP Daniel E. Ewoldsen reported a routine tax-related share disposition.
Rhea-AI Filing Summary
GENESCO INC Senior VP Daniel E. Ewoldsen reported a routine tax-related share disposition. On the vesting of restricted stock granted under the company’s 2020 Equity Incentive Plan, 1,527 shares of common stock were withheld at $28.39 per share to satisfy minimum tax withholding obligations, leaving him with 44,749 directly owned shares.
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Insights
Routine tax withholding on vested equity, not an open-market sale.
Senior VP Daniel E. Ewoldsen had 1,527 shares of GENESCO common stock withheld at $28.39 per share. The filing labels this as a tax-withholding disposition tied to restricted stock vesting, not a discretionary trade.
The footnote explains the shares were withheld to cover minimum tax liability upon vesting of restricted stock under the Third Amended and Restated 2020 Equity Incentive Plan. After this event, Ewoldsen still directly owns 44,749 shares, so the affected amount is small relative to his overall position.
Because this is a mechanistic tax event rather than a market sale, it carries limited informational value about Ewoldsen’s view of the stock. Future company filings may provide additional context on his overall equity compensation and any discretionary open-market activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,527 | $28.39 | $43K |
Footnotes (1)
- F1. Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan.
Key Figures
Key Terms
restricted stock financial
minimum tax withholding liability financial
Equity Incentive Plan financial
tax-withholding disposition financial
FAQ
What insider transaction did GENESCO (GCO) report for Daniel E. Ewoldsen?
Was the GENESCO (GCO) Form 4 transaction an open-market sale?
What plan governed the restricted stock in this GENESCO (GCO) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.