Genesco (GCO) SVP Desai reports 547-share tax withholding, holds 97,450
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC senior vice president and Chief Strategy & Digital Officer Parag Desai reported a small tax-related share disposition. On June 26, 2026, 547 shares of common stock were withheld at $36.18 per share to cover minimum tax obligations upon vesting of restricted stock under the company’s 2020 equity incentive plan. After this withholding, Desai directly holds 97,450 common shares, indicating this was a routine compensation and tax-settlement event rather than an open-market trade.
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 | 547 | $36.18 | $20K |
Holdings After Transaction:
Common Stock — 97,450 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 547 shares
Withholding price per share: $36.18 per share
Shares held after transaction: 97,450 shares
3 metrics
Shares withheld for taxes
547 shares
Tax-withholding disposition on June 26, 2026
Withholding price per share
$36.18 per share
Value used for 547-share tax withholding
Shares held after transaction
97,450 shares
Direct GENESCO common stock holding after June 26, 2026
Key Terms
restricted stock, tax withholding liability, non-derivative, Equity Incentive Plan
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.
tax withholding liability financial
"Shares withheld to satisfy minimum tax withholding liability upon the vesting"
non-derivative financial
"transaction_type": "non-derivative""
Equity Incentive Plan financial
"granted under the Third Amended and Restated 2020 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did GENESCO (GCO) executive Parag Desai report?
Parag Desai reported a small tax-related share disposition. On June 26, 2026, 547 GENESCO common shares were withheld to satisfy minimum tax obligations tied to vesting restricted stock under the company’s 2020 equity incentive plan.
Was Parag Desai’s GENESCO (GCO) Form 4 a stock sale in the market?
The Form 4 shows no open-market sale. It records 547 shares withheld by GENESCO to cover minimum tax liability on restricted stock vesting, a routine F-code tax-withholding disposition rather than a discretionary buy or sell transaction.
What equity plan is referenced in GENESCO (GCO) executive Parag Desai’s Form 4 filing?
The filing cites GENESCO’s Third Amended and Restated 2020 Equity Incentive Plan. The 547 shares were withheld to satisfy minimum tax withholding liability when restricted stock granted under this plan vested for executive Parag Desai.