Genesco (GCO) SVP has 2,188 shares withheld for taxes on vesting
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 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.
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 | 2,188 | $28.39 | $62K |
Holdings After Transaction:
Common Stock — 97,997 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,188 shares
Withholding price per share: $28.39 per share
Shares owned after transaction: 97,997 shares
3 metrics
Shares withheld for taxes
2,188 shares
Tax-withholding disposition on restricted stock vesting
Withholding price per share
$28.39 per share
Value applied to withheld shares
Shares owned after transaction
97,997 shares
Direct Genesco common stock holdings post-transaction
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 and Restated 2020 Equity Incentive Plan"
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 of restricted stock"
Third Amended and Restated 2020 Equity Incentive Plan financial
"restricted stock 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 did Genesco (GCO) executive Parag Desai report in this Form 4?
Parag Desai reported a tax-related share disposition, where 2,188 Genesco common shares were withheld at $28.39 per share. The shares covered minimum tax obligations on vesting restricted stock granted under the company’s Third Amended and Restated 2020 Equity Incentive Plan.
Was Parag Desai’s Genesco (GCO) transaction an open-market stock sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. 2,188 shares were withheld by the company to satisfy minimum tax liabilities triggered when Desai’s restricted stock vested under the 2020 Equity Incentive Plan.
What triggered the tax-withholding disposition reported by Genesco (GCO)?
The disposition was triggered by the vesting of restricted stock granted to Parag Desai under Genesco’s Third Amended and Restated 2020 Equity Incentive Plan. Upon vesting, 2,188 shares were automatically withheld to satisfy his minimum tax withholding liability.