Zumiez (ZUMZ) CFO uses 1,981 shares to cover tax obligations
Rhea-AI Filing Summary
Zumiez Inc Chief Financial Officer Christopher Codington Work reported a routine share disposition related to taxes on restricted stock. On this Form 4, 1,981 shares of common stock were withheld by Zumiez at a price of $21.17 per share to cover tax liabilities, rather than being sold on the open market.
After this tax-withholding transaction, he directly holds 116,063 Zumiez shares, which includes 17,295 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan. The filing reflects compensation- and tax-related mechanics, not an active market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,981 shares
Net Sell
1 txn
Insider
Work Christopher Codington
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,981 | $21.17 | $42K |
Holdings After Transaction:
Common Stock — 116,063 shares (Direct)
Footnotes (2)
- F1. Shares withheld by Zumiez Inc. to pay taxes on restricted stock.
- F2. The shares total includes 17,295 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Zumiez (ZUMZ) CFO report in this Form 4 filing?
Zumiez CFO Christopher Codington Work reported a tax-related share disposition. The company withheld 1,981 common shares to pay taxes on restricted stock, a standard compensation mechanism rather than an open-market trade, leaving him with 116,063 shares directly held.
Was the Zumiez CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows 1,981 Zumiez shares were withheld by the company to pay taxes on restricted stock, a tax-withholding disposition rather than a discretionary sale in the market.