Ross Stores (NASDAQ: ROST) COO gets performance share award vesting through 2028
Rhea-AI Filing Summary
Ross Stores, Inc. Group President and COO Michael J. Hartshorn reported equity compensation activity in company common stock. He received a grant of 23,163 shares as part of the settlement of a performance share award under the 2017 Equity Incentive Plan, with portions scheduled to vest through 2028. To cover tax obligations, 22,654 shares were withheld at a price of $211.19 per share. After these transactions, he directly holds 137,902 shares of Ross Stores common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,163 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,654 | $211.19 | $4.78M |
Footnotes (1)
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FAQ
What insider transactions did Ross Stores (ROST) COO Michael Hartshorn report?
Michael Hartshorn reported an equity award and related tax withholding. He received 23,163 shares of Ross Stores common stock as a performance share award, and 22,654 shares were withheld at $211.19 per share to satisfy tax obligations, leaving him with 137,902 shares.
Was the Ross Stores (ROST) Form 4 a market buy or sell by the COO?
The Form 4 did not show open-market buying or selling. It reported a grant of 23,163 shares as compensation and a tax-withholding disposition of 22,654 shares, where shares were withheld by the issuer at $211.19 to cover tax liabilities.
What plan governed the equity award reported in Ross Stores (ROST) COO’s Form 4?
The equity award was issued under Ross Stores’ 2017 Equity Incentive Plan. The Form 4 footnote states the 23,163 shares were issued pursuant to settlement of a performance share award granted under this plan, with vesting scheduled between 2026 and 2028.