GIL insider Form 144 files sale of 15,000 vested shares on NYSE
Rhea-AI Filing Summary
Gildan Activewear Inc. (GIL) Form 144 notice reports a proposed sale of 15,000 common shares by a holder who acquired the shares on 11/01/2023 through vesting of LTIP awards. The securities have an aggregate market value of $823,773.00 based on the filing and the filer names the NYSE as the exchange for an approximate sale date of 08/28/2025. The filing includes a prior sale of 15,000 shares on 08/26/2025 for gross proceeds of $822,482.00. The seller certifies no undisclosed material information.
Positive
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Negative
- None.
Insights
TL;DR: Routine insider sale disclosure of vested LTIP shares; transaction size appears modest relative to total outstanding shares.
The filing shows a planned sale of 15,000 common shares acquired via LTIP vesting on 11/01/2023 with an aggregate market value reported as $823,773.00 and an approximate sale date of 08/28/2025. The filing also records a recent sale of 15,000 shares on 08/26/2025 for $822,482.00. This is a standard Rule 144 notice used to comply with resale requirements for restricted or control securities and does not itself indicate operational changes at the issuer.
TL;DR: Disclosure meets Rule 144 requirements; signer affirms no undisclosed material information.
The document identifies the method of acquisition as LTIP vesting and states no cash payment was made at acquisition. The seller's representation that there is no undisclosed material adverse information is present. From a compliance perspective, the form contains the key elements expected for a Form 144: acquisition date, nature of acquisition, number of shares, aggregate value, and planned sale timing. No additional compliance red flags are evident from the filing text provided.