Dollar Tree (DLTR) CFO awarded 18,399 RSUs, surrenders 4,864 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOLLAR TREE, INC. Chief Financial Officer Stewart Glendinning reported routine equity compensation transactions involving company common stock. He received a grant of 18,399 shares of restricted stock units for no cash cost, awarded under the company’s 2021 Omnibus Incentive Plan.
The restricted stock units will vest in approximately three equal annual installments starting on the award’s anniversary, subject to continued employment. To cover tax liabilities from vesting of existing restricted stock units, 4,864 shares were withheld at $108.70 per share, a non-market, tax-withholding disposition. Following these transactions, he directly holds 66,388 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Glendinning Stewart
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,864 | $108.70 | $529K |
| Grant/Award | Common Stock | 18,399 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 47,989 shares (Direct)
Footnotes (1)
- Shares deemed surrendered in payment of tax liability resulting from vesting of restricted stock units. Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan and will vest in approximately three equal annual installments, beginning on the anniversary of the award date, subject to continued employment
Key Figures
Tax-withholding shares: 4,864 shares
Tax-withholding price: $108.70 per share
RSU grant size: 18,399 shares
+2 more
5 metrics
Tax-withholding shares
4,864 shares
Shares surrendered to cover tax liability from RSU vesting
Tax-withholding price
$108.70 per share
Value used for 4,864-share tax-withholding disposition
RSU grant size
18,399 shares
Restricted stock units granted under 2021 Omnibus Incentive Plan
Post-transaction holdings
66,388 shares
CFO’s direct common stock holdings after transactions
Vesting structure
Three equal annual installments
RSUs vest annually starting on award anniversary, subject to employment
Key Terms
restricted stock units, 2021 Omnibus Incentive Plan, tax liability, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Omnibus Incentive Plan financial
"Restricted stock units granted pursuant to the Company's 2021 Omnibus Incentive Plan"
tax liability financial
"Shares deemed surrendered in payment of tax liability resulting from vesting"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did DLTR CFO Stewart Glendinning report?
Stewart Glendinning reported a routine equity compensation grant and related tax withholding. He received 18,399 restricted stock units at no cost and had 4,864 shares withheld at $108.70 per share to satisfy tax obligations from vesting restricted stock units.
Was the DLTR CFO’s Form 4 transaction an open-market sale or purchase?
The filing shows no open-market sale or purchase. Instead, it records a tax-withholding disposition of 4,864 shares at $108.70 per share and a grant of 18,399 restricted stock units as part of routine equity compensation.
What are the terms of the DLTR CFO’s new restricted stock unit grant?
The CFO received 18,399 restricted stock units under Dollar Tree’s 2021 Omnibus Incentive Plan. These units will vest in approximately three equal annual installments, beginning on the award’s anniversary, and vesting is conditioned on his continued employment with the company.
Under which plan were the DLTR CFO’s restricted stock units granted?
The restricted stock units were granted under Dollar Tree’s 2021 Omnibus Incentive Plan. The Form 4 notes that the award consists of 18,399 restricted stock units that will vest over roughly three years, subject to the CFO’s continued employment with the company.