Brooks Jeremy 4
Research Summary
AI-generated summary
Williams‑Sonoma (WSM) Chief Accounting Officer Jeremy Brooks Receives RSU Shares
What Happened
Jeremy Brooks, Chief Accounting Officer of Williams‑Sonoma (WSM), had restricted stock units vest on March 21–22, 2026. A total of 2,458 RSUs converted into shares (610, 1,050 and 798 shares). To satisfy tax withholding, 883 shares were withheld (219, 377 and 287 shares) at $178.42 per share, resulting in approximately $157,545 withheld. Net shares delivered to Brooks after withholding were 1,575 shares. This was vesting/conversion of awards (not an open‑market purchase or a discretionary sale).
Key Details
- Transaction dates: conversions on 2026-03-21 and 2026-03-22; Form 4 filed 2026-03-24.
- Conversion details: 610, 1,050 and 798 RSUs converted (total 2,458) at $0 exercise price (RSU conversion).
- Tax withholding: 219, 377 and 287 shares withheld at $178.42 each; total cash value withheld ≈ $157,545.
- Net delivered to insider: 2,458 − 883 = 1,575 shares.
- Footnotes: F1 = shares withheld to cover tax obligations; F3 = each RSU = one share; F4/F6/F7 describe multi‑year vesting schedules; F5 = RSUs are cancelled upon vesting/delivery; F2 notes holdings in the company 401(k) stock fund per March 22 statement.
- Filing status: Form 4 was filed on 2026-03-24 (reporting period 2026-03-21); filing timeliness is not marked as late in the provided data.
Context
These transactions reflect RSU vesting and standard tax‑withholding (share withholding) rather than an open‑market sale. Withheld shares to cover taxes are routine and do not necessarily signal the insider’s market view. The conversion was a non‑cash issuance (zero exercise price) with a portion of shares surrendered for tax obligations.