Genesco (GCO) SVP Andrew Gray has shares withheld for taxes on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENESCO INC Senior VP Andrew Gray reported a routine tax-related share disposition. On the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan, 2,141 shares of common stock were withheld to cover minimum tax withholding liability at an implied value of $28.39 per share.
After this tax-withholding event, Gray directly holds 86,995 shares of GENESCO common stock. This was not an open-market sale but an automatic share withholding tied to equity compensation vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gray Andrew
Role
Senior VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,141 | $28.39 | $61K |
Holdings After Transaction:
Common Stock — 86,995 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,141 shares
Implied price per share: $28.39 per share
Shares held after transaction: 86,995 shares
3 metrics
Shares withheld for taxes
2,141 shares
Tax-withholding disposition on restricted stock vesting
Implied price per share
$28.39 per share
Value used for tax-withholding disposition
Shares held after transaction
86,995 shares
Direct ownership following tax-withholding event
Key Terms
restricted stock, Third Amended and Restated 2020 Equity Incentive Plan, tax withholding liability, 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.
Third Amended and Restated 2020 Equity Incentive Plan financial
"granted under the Third Amended and Restated 2020 Equity Incentive Plan"
tax withholding liability financial
"Shares withheld to satisfy minimum tax withholding liability upon the vesting"
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) Senior VP Andrew Gray report?
Andrew Gray reported an automatic tax-withholding disposition of 2,141 GENESCO common shares. These shares were withheld when restricted stock vested under the company’s 2020 equity plan, rather than sold on the open market, as part of covering required tax obligations.
What plan governed the restricted stock in Andrew Gray’s GENESCO (GCO) filing?
The restricted stock that vested was granted under GENESCO’s Third Amended and Restated 2020 Equity Incentive Plan. When these shares vested, a portion was automatically withheld to satisfy minimum tax withholding requirements associated with the equity compensation award.