Lovesac (LOVE) CFO details RSU vesting and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co EVP and CFO Keith R. Siegner reported routine equity compensation activity. On June 11, 2026, 5,071 restricted stock units vested and converted into 5,071 shares of common stock at no cost. To cover related tax liabilities on time- and performance-based RSUs, 2,226 shares and 2,350 shares were withheld at $16.30 per share, and the footnotes state that no shares were sold on the market. Following these transactions, he held 36,158 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,071 shares exercised/converted
Mixed
4 txns
Insider
Siegner Keith R.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,071 | $0.00 | -- |
| Grant/Award | Common Stock, $0.00001 par value | 5,071 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 2,350 | $16.30 | $38K |
| Tax Withholding | Common Stock, $0.00001 par value | 2,226 | $16.30 | $36K |
Holdings After Transaction:
Restricted Stock Units — 5,071 shares (Direct, null);
Common Stock, $0.00001 par value — 36,158 shares (Direct, null)
Footnotes (1)
- Reflects the vesting of time-based restricted stock units ("RSUs") granted to the Reporting Person on June 11, 2024. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024. No shares were sold. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of performance-based RSUs granted on June 11, 2024 that vested on March 18, 2026. No shares were sold. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
Key Figures
RSUs vested and converted: 5,071 shares
First tax withholding block: 2,226 shares at $16.30
Second tax withholding block: 2,350 shares at $16.30
+3 more
6 metrics
RSUs vested and converted
5,071 shares
Time- and performance-based RSUs converting into common stock on June 11, 2026
First tax withholding block
2,226 shares at $16.30
Shares withheld to cover tax liability from time-based RSU vesting
Second tax withholding block
2,350 shares at $16.30
Shares withheld to cover tax liability from performance-based RSU settlement
Total shares withheld for taxes
4,576 shares
Tax-withholding dispositions tied to RSU vesting and settlement
Post-transaction holdings
36,158 shares
Common shares directly owned by Keith R. Siegner after all transactions
Tax withholding price
$16.30 per share
Value used for tax-withholding share dispositions
Key Terms
Restricted Stock Units, performance-based RSUs, time-based restricted stock units, tax liability, +1 more
5 terms
Restricted Stock Units financial
"The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based RSUs financial
"The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of performance-based RSUs granted on June 11, 2024 that vested on March 18, 2026."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
time-based restricted stock units financial
"Reflects the vesting of time-based restricted stock units ("RSUs") granted to the Reporting Person on June 11, 2024."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
tax liability financial
"The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024."
Exercise or conversion of derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
FAQ
What insider transactions did Lovesac (LOVE) CFO Keith R. Siegner report?
Lovesac CFO Keith R. Siegner reported RSU vesting and related tax withholding. 5,071 RSUs converted into common stock, while 4,576 shares were withheld to satisfy tax liabilities, with the filing stating that no shares were sold on the open market.
What types of RSUs vested for Lovesac (LOVE) CFO Keith Siegner?
The footnotes describe both time-based and performance-based RSUs. Time-based RSUs granted on June 11, 2024 vested, and performance-based RSUs from the same grant vested on March 18, 2026, leading to share delivery and related tax-withholding transactions.