Dave & Buster's (NASDAQ: PLAY) CIO has shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dave & Buster's Entertainment, Inc. reported an insider tax-related share transaction by SVP and Chief Information Officer Steve Klohn. On this date, 2,870 shares of common stock were withheld at $11.04 per share to cover tax obligations from vesting restricted stock units. According to the disclosure, no shares were sold in the market, and Klohn now directly holds 43,026 shares of common stock after this withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klohn Steve
Role
SVP Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,870 | $11.04 | $32K |
Holdings After Transaction:
Common Stock — 43,026 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,870 shares
Withholding price per share: $11.04 per share
Shares held after transaction: 43,026 shares
3 metrics
Shares withheld for taxes
2,870 shares
Tax withholding on RSU vesting
Withholding price per share
$11.04 per share
Value used for tax-withholding shares
Shares held after transaction
43,026 shares
Direct holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"in connection with the 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 withholding obligations financial
"withheld ... to satisfy tax withholding obligations in connection with the vesting"
Form 4 regulatory
"This insider transaction was reported on Form 4 as a tax-related event."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PLAY executive Steve Klohn report on this Form 4?
Steve Klohn reported a tax-related share withholding, not a market trade. Dave & Buster's withheld 2,870 common shares at $11.04 to satisfy tax obligations tied to vesting restricted stock units, a routine administrative event.
What does transaction code "F" mean in the PLAY Form 4 for Steve Klohn?
Transaction code "F" indicates shares were used to pay a tax liability or exercise price. Here, 2,870 shares of Dave & Buster's common stock were withheld to satisfy tax obligations from vesting restricted stock units, rather than being sold in the market.
What role does Steve Klohn hold at Dave & Buster's (PLAY) in this insider filing?
Steve Klohn is identified as Senior Vice President and Chief Information Officer. The Form 4 reports his tax-withholding disposition where 2,870 shares were withheld upon vesting of restricted stock units, leaving him with 43,026 directly held common shares.