Lululemon (LULU) Chief Brand Officer reports 55-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
lululemon athletica inc. Chief Brand Officer Nicole Neuberger reported a routine tax-related share disposition. On the reported date, 55 shares of common stock were withheld by the company to cover tax obligations arising from the vesting of restricted stock units, rather than being sold on the open market. After this withholding, Neuberger directly holds 19,101 shares of lululemon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEUBURGER NICOLE
Role
Chief Brand Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 55 | $117.55 | $6K |
Holdings After Transaction:
Common Stock — 19,101 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for tax: 55 shares
Shares held after transaction: 19,101 shares
Implied withholding price: $117.55 per share
3 metrics
Shares withheld for tax
55 shares
Withheld to cover tax obligations from RSU vesting
Shares held after transaction
19,101 shares
Direct holdings following tax-withholding disposition
Implied withholding price
$117.55 per share
Price per share used for 55-share tax-withholding entry
Key Terms
restricted stock units, tax obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"in connection with vesting of restricted stock units"
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.
tax obligations financial
"Represents shares withheld for tax obligations in connection"
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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did lululemon (LULU) Chief Brand Officer Nicole Neuberger report in this Form 4?
Nicole Neuberger reported that 55 shares of lululemon common stock were withheld to satisfy tax obligations from vesting restricted stock units. This is a non-market, administrative transaction and not an open-market sale or purchase of shares.
Is Nicole Neuberger’s Form 4 transaction in lululemon (LULU) an open-market sale?
No. The transaction is coded as a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to pay taxes on vested restricted stock units rather than sold to third-party buyers in the market.
What does transaction code F mean in Nicole Neuberger’s lululemon (LULU) Form 4?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 55 shares were withheld to satisfy tax obligations from restricted stock unit vesting, rather than being sold in an ordinary market transaction.