PVH (PVH) CEO uses shares to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PVH Corp. Chief Executive Officer Stefan Larsson reported routine share dispositions related to tax withholding on vested equity awards. A total of 15,293 shares of common stock were withheld at $90.74 per share to satisfy tax obligations tied to restricted stock unit vesting.
Following these tax-withholding dispositions, Larsson directly holds about 335,709.946 PVH common shares, which includes 153,969 shares subject to unvested restricted stock unit awards. These transactions were not open-market sales and do not reflect discretionary buying or selling decisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Larsson Stefan
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $1 par value | 4,196 | $90.74 | $381K |
| Tax Withholding | Common Stock, $1 par value | 11,097 | $90.74 | $1.01M |
Holdings After Transaction:
Common Stock, $1 par value — 346,806.946 shares (Direct)
Footnotes (1)
- Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 7,586 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 174,035 shares of Common Stock subject to unvested awards of restricted stock units. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 20,066 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 153,969 shares of Common Stock subject to unvested awards of restricted stock units.
Key Figures
First tax-withholding block: 4,196 shares at $90.74
Second tax-withholding block: 11,097 shares at $90.74
Total tax-withheld shares: 15,293 shares
+4 more
7 metrics
First tax-withholding block
4,196 shares at $90.74
Common stock withheld for tax obligations on RSU vesting
Second tax-withholding block
11,097 shares at $90.74
Additional common shares withheld for RSU vesting taxes
Total tax-withheld shares
15,293 shares
Combined Form 4 tax-withholding dispositions
Post-transaction holdings
335,709.946 shares
Common stock directly held after latest withholding
Unvested RSU-related shares
153,969 shares
Common stock subject to unvested restricted stock unit awards
RSUs vesting (first footnote)
7,586 units
Restricted stock units that vested and triggered withholding
RSUs vesting (second footnote)
20,066 units
Additional restricted stock units vesting with tax withholding
Key Terms
restricted stock units, tax obligations, unvested awards, withheld
4 terms
restricted stock units financial
"in connection with the vesting of 7,586 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
"shares withheld to satisfy the Reporting Person's tax obligations"
unvested awards financial
"Includes 153,969 shares of Common Stock subject to unvested awards of restricted stock units."
withheld financial
"Represents shares withheld to satisfy the Reporting Person's tax obligations"
FAQ
What insider transaction did PVH (PVH) CEO Stefan Larsson report?
Stefan Larsson reported shares being withheld to cover tax obligations on vested restricted stock units. Two Form 4 entries show a combined 15,293 PVH common shares withheld at $90.74 per share, a standard mechanism rather than an open-market sale.
What do the PVH restricted stock unit footnotes say about the CEO’s holdings?
The footnotes explain shares were withheld to cover taxes on vesting of 7,586 and 20,066 restricted stock units. They also note Larsson’s holdings include 153,969 PVH shares subject to unvested restricted stock unit awards, which vest over time.