PVH (PVH) brand president reports stock awards and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PVH Corp. Global Brand President, CK, David Savman reported equity compensation transactions in the company’s common stock. He received awards covering 12,372 restricted stock units, each representing one share, which vest in four equal installments of 3,093 shares on each anniversary of the grant.
He also received 3,010 shares upon vesting of a prior performance share unit award granted on April 6, 2023. To cover related tax obligations, a total of 2,243 shares were withheld at $80.83 per share. Following these grant and tax-withholding entries, he directly holds about 33,973 shares of PVH common stock, including unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Savman David
Role
Global Brand President, CK
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1 par value | 12,372 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 par value | 578 | $80.83 | $47K |
| Grant/Award | Common Stock, $1 par value | 3,010 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 par value | 1,665 | $80.83 | $135K |
Holdings After Transaction:
Common Stock, $1 par value — 33,206 shares (Direct)
Footnotes (1)
- Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (3,093 shares) on each anniversary of grant. Vested shares are delivered as soon as practicable after they vest. Includes 30,139 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 1,045 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 29,094 shares of Common Stock subject to unvested awards of restricted stock units. Represents shares received upon vesting of a performance share unit award granted to the reporting person on April 6, 2023. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the receipt of all shares described in Note (5) above.
Key Figures
RSU award size: 12,372 shares
Annual RSU vesting tranche: 3,093 shares
Vested PSU shares: 3,010 shares
+3 more
6 metrics
RSU award size
12,372 shares
Restricted stock units granted to David Savman
Annual RSU vesting tranche
3,093 shares
Each anniversary of the RSU grant
Vested PSU shares
3,010 shares
Performance share unit award granted April 6, 2023
Tax withholding shares
2,243 shares
Shares withheld to satisfy tax obligations
Withholding price
$80.83 per share
Price used for tax-withholding dispositions
Shares held after transactions
33,973 shares
Direct PVH common stock holdings after reported entries
Key Terms
restricted stock units, performance share unit award, tax obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Represents shares subject to an award 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 to satisfy the Reporting Person's tax obligations"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
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.
FAQ
What insider transactions did PVH (PVH) executive David Savman report?
David Savman reported equity compensation activity in PVH common stock, including grants of restricted stock units and shares from a performance share unit award, along with share withholdings used to satisfy associated tax obligations. These are routine, non-open-market compensation and tax-related entries rather than discretionary stock purchases or sales.
How many PVH (PVH) restricted stock units were granted to David Savman?
David Savman received an award covering 12,372 restricted stock units, each equal to one PVH common share. The units vest 25% per year, or 3,093 shares on each anniversary of the grant, with vested shares delivered as soon as practicable after vesting, according to the filing’s footnote disclosure.
Do these PVH (PVH) Form 4 transactions involve open-market buying or selling?
No, the transactions are classified as grants/awards and tax-withholding dispositions, not open-market buys or sells. Codes A and F indicate equity compensation awards and shares withheld to pay taxes, meaning they are administrative compensation events rather than discretionary trading in PVH stock.