Genesco (NYSE: GCO) CEO has 22,583 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC director and Board Chair, President & CEO Mimi Eckel Vaughn had 22,583 shares of Common Stock withheld on April 2, 2026 to satisfy minimum tax withholding obligations tied to the vesting of restricted stock under the company’s 2020 Equity Incentive Plan.
The shares were valued at $28.39 per share for this tax-withholding disposition. After this non-market transaction, she directly holds 375,496 shares of Genesco common stock, reflecting her continuing equity stake in the company following the restricted stock vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VAUGHN MIMI ECKEL
Role
Board Chair, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 22,583 | $28.39 | $641K |
Holdings After Transaction:
Common Stock — 375,496 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 22,583 shares
Per-share value for withholding: $28.39 per share
Shares held after transaction: 375,496 shares
3 metrics
Shares withheld for taxes
22,583 shares
Tax-withholding disposition on April 2, 2026
Per-share value for withholding
$28.39 per share
Value applied to withheld shares
Shares held after transaction
375,496 shares
Direct Common Stock ownership following withholding
Key Terms
restricted stock, minimum tax withholding liability, 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"
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.
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 (GCO) report for Mimi Eckel Vaughn?
Genesco reported that Mimi Eckel Vaughn had 22,583 shares of Common Stock withheld to cover taxes on vested restricted stock. This tax-withholding disposition is a compensation-related event, not an open-market trade, and occurred at a value of $28.39 per share.
What caused the tax-withholding disposition reported for Genesco (GCO) CEO Mimi Eckel Vaughn?
The disposition arose because restricted stock granted to Mimi Eckel Vaughn vested, triggering tax obligations. To satisfy minimum tax withholding, 22,583 shares were withheld under Genesco’s Third Amended and Restated 2020 Equity Incentive Plan, rather than being sold in the open market.