lululemon (LULU) CFO Meghan Frank reports small tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
lululemon athletica inc. executive Meghan Frank, the CFO & Interim Co-CEO, reported a small share disposition related to taxes. On the reported date, 28 shares of common stock were withheld at $117.55 per share to cover tax obligations from vesting restricted stock units. After this routine tax-withholding event, Frank directly holds 31,964 shares of lululemon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRANK MEGHAN
Role
CFO & Interim Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 28 | $117.55 | $3K |
Holdings After Transaction:
Common Stock — 31,964 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 28 shares
Withholding price per share: $117.55/share
Shares held after transaction: 31,964 shares
+1 more
4 metrics
Shares withheld for taxes
28 shares
Tax-withholding disposition on common stock
Withholding price per share
$117.55/share
Value used for tax-withholding shares
Shares held after transaction
31,964 shares
Direct ownership following tax withholding
Tax-withholding transactions
1 transaction, 28 shares
Form 4 transaction summary for code F
Key Terms
restricted stock units, tax-withholding disposition, Form 4
3 terms
restricted stock units financial
"Represents shares withheld for tax obligations in connection with vesting of restricted stock units."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did lululemon (LULU) report for Meghan Frank?
lululemon reported a routine tax-related transaction for CFO & Interim Co-CEO Meghan Frank. 28 shares of common stock were withheld to satisfy tax obligations tied to vesting restricted stock units, rather than being sold in the open market.
Was Meghan Frank’s lululemon (LULU) transaction an open-market sale?
The transaction was not an open-market sale. The 28 shares were withheld by lululemon to pay tax liabilities when restricted stock units vested, a standard administrative process for equity compensation programs.
What does transaction code F mean in lululemon (LULU) CFO’s Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, 28 lululemon shares were withheld to cover taxes due upon vesting of restricted stock units, rather than being voluntarily sold on the market.