Zumiez (ZUMZ) President International exercises 7,507 RSUs; shares withheld for taxes
Rhea-AI Filing Summary
Zumiez Inc President International Adam Christopher Ellis reported routine equity compensation activity. He exercised 7,507 restricted stock units, converting them into the same number of common shares at no cost, with the units converting on a one-for-one basis.
To cover taxes on the restricted stock, 1,828 common shares were withheld by Zumiez Inc. Following these transactions, Ellis directly holds 73,664 shares of common stock. The acquired shares are tied to a restricted stock unit grant that will vest over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,679 shares
Net Buy
3 txns
Insider
ELLIS ADAM CHRISTOPHER
Role
President International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,507 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,507 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,828 | $21.17 | $39K |
Holdings After Transaction:
Restricted Stock Units — 35,007 shares (Direct);
Common Stock — 73,664 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Shares withheld by Zumiez Inc. to pay taxes on restricted stock.
- F3. The shares acquired represent a grant of restricted stock units that will vest over 3 years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zumiez (ZUMZ) report for Adam Christopher Ellis?
Zumiez reported that Adam Christopher Ellis exercised 7,507 restricted stock units into common shares. As part of this routine compensation event, 1,828 shares were withheld by the company to pay related tax obligations on the restricted stock.
What type of securities were involved in the Zumiez (ZUMZ) Form 4 filing?
The filing shows activity in restricted stock units and common stock of Zumiez. 7,507 restricted stock units converted one-for-one into 7,507 common shares, illustrating a standard equity compensation mechanism for the company’s President International.
How will the newly acquired Zumiez (ZUMZ) restricted stock units vest?
The shares acquired represent a grant of restricted stock units that will vest over three years. This three-year vesting schedule aligns the executive’s compensation with longer-term performance and ongoing service at Zumiez Inc.
What does the M and F transaction code mean in the Zumiez (ZUMZ) Form 4?
Code M indicates an exercise or conversion of a derivative security, here 7,507 restricted stock units into common shares. Code F indicates a tax-withholding disposition, where 1,828 shares were delivered to Zumiez to satisfy tax obligations.