lululemon CFO has 246 shares withheld for taxes
lululemon athletica inc. reported a routine insider tax transaction involving its CFO & Interim Co-CEO, Meghan Frank.
Rhea-AI Filing Summary
lululemon athletica inc. reported a routine insider tax transaction involving its CFO & Interim Co-CEO, Meghan Frank. On this Form 4, 246 shares of common stock were disposed of at $158.72 per share to cover tax obligations tied to the vesting of restricted stock units, rather than an open-market sale. Following this withholding event, Frank directly holds 30,816 shares of lululemon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 246 shares
Exercise Price or Tax Liability
1 txn
Insider
FRANK MEGHAN
Role
CFO & Interim Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 246 | $158.72 | $39K |
Holdings After Transaction:
Common Stock — 30,816 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld for tax obligations in connection with vesting of restricted stock units.
FAQ
What insider transaction did lululemon (LULU) report for Meghan Frank?
lululemon reported a routine tax-withholding transaction for CFO & Interim Co-CEO Meghan Frank. 246 common shares were disposed of to satisfy tax obligations related to restricted stock unit vesting, rather than through an open-market sale.
Was Meghan Frank’s lululemon (LULU) transaction an open-market sale?
No, the transaction was not an open-market sale. The 246 shares were withheld by lululemon to pay tax obligations associated with restricted stock unit vesting, a common administrative mechanism rather than a discretionary share sale.
What does the F transaction code mean in this lululemon (LULU) Form 4?
The F code indicates shares were disposed of to pay the exercise price or tax liability. Here, 246 shares were withheld specifically to cover tax obligations from vesting restricted stock units, not sold in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.