[Form 4] GENESCO INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC executive Scott E. Becker, SVP, Secretary & General Counsel, reported a routine share disposition related to equity compensation. 486 shares of common stock were withheld at $36.18 per share to cover minimum tax obligations when restricted stock vested under the Third Amended and Restated 2020 Equity Incentive Plan. After this tax-withholding event, Becker directly holds 66,672 shares of Genesco common stock. This was not an open-market purchase or sale but an administrative step tied to stock-based compensation.
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 | 486 | $36.18 | $18K |
Holdings After Transaction:
Common Stock — 66,672 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 486 shares
Withholding price: $36.18 per share
Shares held after transaction: 66,672 shares
3 metrics
Shares withheld for taxes
486 shares
Withheld to satisfy minimum tax liability on restricted stock vesting
Withholding price
$36.18 per share
Value used for shares withheld for tax obligations
Shares held after transaction
66,672 shares
Direct Genesco common stock ownership after tax withholding event
Key Terms
restricted stock, minimum tax withholding liability, Third Amended and Restated 2020 Equity Incentive Plan, Common Stock
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
"restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan"
Common Stock financial
"Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Genesco (GCO) executive Scott E. Becker report in this Form 4?
Scott E. Becker reported that 486 Genesco common shares were withheld to pay taxes on vested restricted stock. This was an administrative tax-withholding event, not an open-market trade, and it adjusted his holdings under the company’s equity incentive plan.
Was the Genesco (GCO) Form 4 transaction a stock sale in the market?
No, the Form 4 shows shares withheld for taxes, not a market sale. The 486 shares were retained by the company to satisfy minimum tax withholding when restricted stock vested under Genesco’s equity incentive plan.
What equity plan is referenced in Scott Becker’s Genesco (GCO) Form 4 filing?
The Form 4 references the Third Amended and Restated 2020 Equity Incentive Plan. Restricted stock granted under this plan vested, creating a tax liability that was settled by withholding 486 shares of Genesco common stock instead of using cash.