Genesco (NYSE: GCO) SVP has 1,946 shares withheld for tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC senior vice president and general counsel Scott E. Becker reported a routine tax-related stock transaction. On April 2, 2026, 1,946 shares of common stock were withheld at $28.39 per share to cover minimum tax obligations upon vesting of restricted stock.
After this tax-withholding disposition, Becker directly holds 57,255 shares of Genesco common stock. The filing indicates the shares relate to restricted stock granted under the company’s Third Amended and Restated 2020 Equity Incentive Plan, and does not reflect an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Becker Scott E
Role
SVP, Secretary & Gen Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,946 | $28.39 | $55K |
Holdings After Transaction:
Common Stock — 57,255 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,946 shares
Tax withholding price: $28.39 per share
Shares owned after transaction: 57,255 shares
+1 more
4 metrics
Shares withheld for taxes
1,946 shares
Tax-withholding disposition on April 2, 2026
Tax withholding price
$28.39 per share
Value used for restricted stock tax withholding
Shares owned after transaction
57,255 shares
Direct common stock holdings post-transaction
Tax-withholding transactions
1 transaction, 1,946 shares
Summary of Form 4 tax-withholding activity
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"
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"
Third Amended and Restated 2020 Equity Incentive Plan financial
"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 Scott E. Becker?
Genesco reported that Scott E. Becker had 1,946 common shares withheld to cover taxes upon restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation processing under the company’s 2020 Equity Incentive Plan.
Was the GENESCO (GCO) insider transaction a stock sale on the open market?
No, the transaction was not an open-market sale. The 1,946 shares were withheld by the company to satisfy minimum tax withholding obligations triggered by restricted stock vesting, a common administrative feature of equity compensation plans rather than a discretionary share sale.
What equity plan governed the GENESCO (GCO) restricted stock in this Form 4 filing?
The restricted stock came from grants under Genesco’s Third Amended and Restated 2020 Equity Incentive Plan. Shares withheld in the filing were used to cover minimum tax withholding liabilities when the restricted stock vested, consistent with standard plan mechanics for equity-based compensation.