Genesco SVP covers taxes with stock withholding
Genesco Inc. senior vice president and Chief Strategy & Digital Officer Parag Desai reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Genesco Inc. senior vice president and Chief Strategy & Digital Officer Parag Desai reported a routine tax-related share disposition. On the vesting of restricted stock granted under the company’s Third Amended and Restated 2020 Equity Incentive Plan, 2,188 common shares were withheld at $28.39 per share to cover minimum tax obligations. After this withholding, Desai directly owns 97,997 Genesco common shares, so the event reflects compensation and tax treatment rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,188 | $28.39 | $62K |
Footnotes (1)
- F1. Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan.
Key Figures
Key Terms
restricted stock financial
minimum tax withholding liability financial
Third Amended and Restated 2020 Equity Incentive Plan financial
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Genesco (GCO) executive Parag Desai report in this Form 4?
Was Parag Desai’s Genesco (GCO) transaction an open-market stock sale?
What triggered the tax-withholding disposition reported by Genesco (GCO)?
AI-generated analysis. How Rhea-AI works. Not financial advice.