Zumiez (ZUMZ) CFO uses 1,981 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Work Christopher Codington
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,981 | $21.17 | $42K |
Holdings After Transaction:
Common Stock — 116,063 shares (Direct)
Footnotes (1)
- Shares withheld by Zumiez Inc. to pay taxes on restricted stock. The shares total includes 17,295 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan.
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.