Tax withholding trims Genesco (NYSE: GCO) CAO stake to 7,822
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC vice president and chief accounting officer Marie Randolph reported a small share disposition related to taxes. On the vesting of restricted stock granted under the company’s Third Amended and Restated 2020 Equity Incentive Plan, 57 shares of common stock were withheld to satisfy minimum tax withholding liability. After this tax-withholding event, Randolph directly owns 7,822 shares of Genesco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Randolph Ashley Marie
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 57 | $36.18 | $2K |
Holdings After Transaction:
Common Stock — 7,822 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 57 shares
Withholding reference price: $36.18 per share
Shares owned after transaction: 7,822 shares
3 metrics
Shares withheld for taxes
57 shares
Tax withholding on vesting of restricted stock
Withholding reference price
$36.18 per share
Value used for tax-withholding disposition
Shares owned after transaction
7,822 shares
Direct holdings after tax withholding
Key Terms
restricted stock, minimum 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.
minimum 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 insider transaction did GENESCO INC (GCO) report for Marie Randolph?
GENESCO INC reported that VP and Chief Accounting Officer Marie Randolph had 57 common shares withheld to cover taxes when restricted stock vested, under the company’s 2020 Equity Incentive Plan. This was a tax-withholding event rather than an open-market stock sale.
Does the GENESCO INC (GCO) Form 4 show an open-market sale by Marie Randolph?
The Form 4 does not show an open-market sale. It reports a tax-withholding disposition where 57 shares were withheld to pay required taxes on vested restricted stock. This type of transaction is administrative and tied to equity compensation rather than discretionary selling.
What GENESCO INC (GCO) equity plan is referenced in this Form 4 filing?
The filing references the Third Amended and Restated 2020 Equity Incentive Plan. The 57 shares were withheld to meet minimum tax withholding obligations when restricted stock granted under this plan vested, illustrating how the company administers taxes on equity compensation awards.