Vera Bradley (VRA) CEO reports 30,273-share tax withholding and over 1.0M shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vera Bradley, Inc. Chief Executive Officer Ian Bickley reported a routine tax-related share disposition. On the reported date, 30,273 Common Shares were withheld at $3.91 per share to cover tax obligations tied to the vesting of a previously granted restricted stock unit award.
After this tax-withholding event, Bickley directly owned 1,058,337 Common Shares. He also had an additional 135,623 Common Shares held indirectly through the Ian Bickley Revocable Trust, for which he and his wife serve as trustees and he is the sole beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bickley Ian
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 30,273 | $3.91 | $118K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 1,058,337 shares (Direct, null);
Common Shares — 135,623 shares (Indirect, See Note.)
Footnotes (1)
- Represents shares withheld to fulfill tax withholding obligations with respect to the vesting of a previously granted restricted stock unit award. These shares are held for the account of the Ian Bickley Revocable Trust, for which the reporting person and his wife serve as trustees and the reporting person is the sole beneficiary.
Key Figures
Tax-withheld shares: 30,273 shares
Withholding price: $3.91 per share
Direct holdings after transaction: 1,058,337 shares
+1 more
4 metrics
Tax-withheld shares
30,273 shares
Withheld to cover RSU-related tax obligations
Withholding price
$3.91 per share
Price used for tax-withheld common shares
Direct holdings after transaction
1,058,337 shares
Common Shares directly owned post tax-withholding
Indirect trust holdings
135,623 shares
Common Shares held via Ian Bickley Revocable Trust
Key Terms
restricted stock unit award, tax withholding obligations, Revocable Trust, indirect ownership
4 terms
restricted stock unit award financial
"the vesting of a previously granted restricted stock unit award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
tax withholding obligations financial
"shares withheld to fulfill tax withholding obligations with respect to the vesting"
Revocable Trust financial
"held for the account of the Ian Bickley Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"These shares are held for the account of the Ian Bickley Revocable Trust"
FAQ
What insider transaction did Vera Bradley (VRA) CEO Ian Bickley report?
Ian Bickley reported a tax-related share disposition. Vera Bradley withheld 30,273 common shares at $3.91 each to satisfy tax obligations from a previously granted restricted stock unit award that vested, a non-market transaction rather than an open-market sale.
Was the Vera Bradley (VRA) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 identifies the code F, meaning shares were withheld by the issuer to cover tax obligations on a vesting restricted stock unit award, rather than sold on the open market.