Johnson Outdoors CEO transfers 96,393 shares
JOHNSON OUTDOORS INC director and CEO Helen P. Johnson-Leipold reported an internal reallocation of Common A Stock rather than an open-market trade.
Rhea-AI Filing Summary
JOHNSON OUTDOORS INC director and CEO Helen P. Johnson-Leipold reported an internal reallocation of Common A Stock rather than an open-market trade. The Form 4 shows a transfer of 96,393 shares previously held indirectly by her to trusts established for the benefit of her children in satisfaction of a previously contracted debt she owed.
Following this transfer, the filing updates her reported holdings across direct ownership, trusts for which she is settlor or trustee, and entities controlled by those trusts. The changes reflect shifts in how her interests are held and reported, not a traditional buy or sell transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common A Stock | 96,393 | $0.00 | $0.00 |
| Other | Common A Stock | 96,393 | $0.00 | $0.00 |
| holding | Common A Stock | -- | -- | -- |
| holding | Common A Stock | -- | -- | -- |
Footnotes (5)
- F1. Reflects the transfer of an aggregate 96,393 shares owned indirectly by Ms. Johnson-Leipold in equal amounts to trusts established for the benefit of each of her children (for which her husband serves as a fiduciary) in satisfaction of a previously contracted debt owed by Ms. Johnson-Leipold.
- F2. Ms. Johnson-Leipold reports direct ownership of these shares, which she holds (a) personally, (b) as the sole shareholder of a certain corporation that holds shares, and (c) as restricted stock awards.
- F3. Ms. Johnson-Leipold reports these shares as settlor and beneficiary of the Trusts, which beneficially own reported shares directly or indirectly as a shareholder of certain corporations and as the general partner of certain limited partnerships (collectively, the "Controlling Entities"). The amount reported also reflects a change in form of beneficial ownership following the contribution of shares by one such trust to a grantor retained annuity trust for which Ms. Johnson-Leipold is the trustee and sole annuitant.
- F4. Shares held by trusts established for the benefit of each of Ms. Johnson-Leipold's children, for which her husband serves as a fiduciary.
- F5. Ms. Johnson-Leipold reports these shares as settlor of and beneficiary of the Trusts. Ms. Johnson-Leipold reports all shares held by certain corporations or limited liability companies of which certain trusts (the "Trusts") may be deemed to be controlling shareholders. In addition, Ms. Johnson-Leipold reports all shares held by certain limited partnerships of which one of the Trusts is a general partner. Due to the nature of such limited partnerships, it is impractical to determine each Trust's or other trusts' proportionate interest (as defined by Rule 16a- l(a)(2)(ii)(B)) in such limited partnerships. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the Controlling Entities in which she does not have a pecuniary interest.
FAQ
What insider transaction did Helen Johnson-Leipold report at Johnson Outdoors (JOUT)?
How does the Form 4 describe Helen Johnson-Leipold’s remaining Johnson Outdoors (JOUT) holdings?
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