Zumiez (ZUMZ) CFO receives stock, options while shares withheld for taxes
Rhea-AI Filing Summary
Zumiez Inc Chief Financial Officer Christopher Codington Work reported equity compensation changes and a routine tax-related share withholding. He received a grant of 14,963 shares of restricted common stock, which will vest over three years, and a stock option for 29,411 shares at an exercise price of $21.72 per share expiring in 2036.
To cover taxes on restricted stock, 1,801 common shares were withheld at $21.51 per share. After these transactions, he directly holds 118,044 common shares and the new option award, with the options vesting in equal annual installments over four years.
Positive
- None.
Negative
- None.
Insights
Zumiez CFO reports routine equity grants and tax withholding with no open‑market trades.
The Zumiez Inc Chief Financial Officer received equity as part of compensation: 14,963 restricted shares and options for 29,411 shares at $21.72, expiring in 2036. Both awards vest over multi‑year schedules, indicating standard long-term incentive design.
To satisfy tax obligations on restricted stock, 1,801 shares were withheld at $21.51 rather than sold in the open market. Following these entries, he holds 118,044 common shares directly plus the new options. The scale and structure look like routine compensation, not a directional bet on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,801 | $21.51 | $39K |
| Grant/Award | Stock Option (Right to Buy) | 29,411 | $0.00 | -- |
| Grant/Award | Common Stock | 14,963 | $0.00 | -- |
Footnotes (1)
- The shares acquired represent a grant of restricted stock that will vest over 3 years The shares total includes 17,295 shares acquired through the Zumiez Inc. Employee Stock Purchase Plan. Shares withheld by Zumiez Inc. to pay taxes on restricted stock. Options subject to this grant vest over a 4-year period in equal annual installments.