Frank Gibeau (NYSE: YETI) transfers 10,934 shares as family gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YETI Holdings director Frank D. Gibeau reported non-market gifts of YETI common stock. On a single date, entities associated with him transferred a total of 10,934 shares as bona fide gifts, including 5,467 shares held indirectly through a family trust and 5,467 shares held directly.
Following these transfers, 18,852 shares are reported as held indirectly through a family trust, and 6,322 deferred stock units are reported as directly held. Each deferred stock unit represents the right to receive one share of YETI common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,934 shares gifted
Mixed
2 txns
Insider
GIBEAU FRANK D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,467 | $0.00 | -- |
| Gift | Common Stock | 5,467 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,322 shares (Direct, null);
Common Stock — 18,852 shares (Indirect, By trust)
Footnotes (1)
- Represents a gift of shares to a family trust for the benefit of the reporting person's children. Represents 6,322 deferred stock units. Each deferred stock unit represents the right to receive one share of the Issuer's common stock. Shares are held by a family trust, of which the reporting person is trustee and his children are beneficiaries.
Key Figures
Indirect shares gifted: 5,467 shares
Direct shares gifted: 5,467 shares
Total shares gifted: 10,934 shares
+3 more
6 metrics
Indirect shares gifted
5,467 shares
Bona fide gift from indirectly held common stock
Direct shares gifted
5,467 shares
Bona fide gift from directly held common stock
Total shares gifted
10,934 shares
Sum of two G-code gift transactions
Indirect holdings after gift
18,852 shares
Common stock held indirectly via family trust after transactions
Deferred stock units held
6,322 units
Each unit represents right to one YETI share
Gift price per share
$0.00 per share
Reported transaction price for both bona fide gifts
Key Terms
bona fide gift, deferred stock units, family trust, indirect ownership
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
deferred stock units financial
"Represents 6,322 deferred stock units. Each deferred stock unit represents the right to receive one share"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
family trust financial
"Shares are held by a family trust, of which the reporting person is trustee and his children are beneficiaries."
indirect ownership financial
""direct_or_indirect": "I","nature_of_ownership": "By trust""
FAQ
What insider transaction did YETI (YETI) director Frank D. Gibeau report?
Frank D. Gibeau reported making bona fide gifts of YETI common stock totaling 10,934 shares. The transfers included 5,467 shares held indirectly through a family trust and 5,467 shares held directly, reflecting non-market, no-price dispositions rather than open-market sales or purchases.
What are Frank D. Gibeau’s reported YETI holdings after these gifts?
After the gifts, 18,852 YETI shares are reported as held indirectly through a family trust, and 6,322 deferred stock units are reported as directly held. Each deferred stock unit represents the right to receive one share of YETI common stock in the future, according to the filing footnotes.