CHAFFIN JOHN MARK 4
Research Summary
AI-generated summary
Flowers Foods (FLO) CIO John Chaffin Receives Award, Sells Shares
What Happened
- John Mark Chaffin, Chief Information Officer of Flowers Foods (FLO), had 11,447 contingent performance share units vest on Feb 25, 2026. The filing records an acquisition of 11,447 shares (code A) and a disposition of 3,093 shares (code F) for tax withholding at $9.65/share, totaling $29,847. Net shares received from the vesting = 8,354 shares.
- This disposition (code F) reflects shares withheld to satisfy tax obligations on the vested award, not an open-market sale.
Key Details
- Transaction date: 2026-02-25; Filing date (Form 4): 2026-02-27 (appears timely).
- Awarded/recorded: 11,447 shares (code A) at $0.00 (vesting of PSUs).
- Withheld/disposed for taxes: 3,093 shares (code F) at $9.65 = $29,847.
- Net shares retained from the vesting: 8,354 shares (11,447 − 3,093).
- Footnote: F1 — Vesting of contingent performance share units under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan (amended May 25, 2023).
- Shares owned after the transaction: not specified in the filing.
Context
- This is a compensation-related vesting event (performance share units), a routine occurrence for executives; the withheld shares are used to cover tax liabilities rather than indicating a market-directed sale.
- For retail investors, such vesting events are informative about executive compensation but do not necessarily signal insider sentiment about the company’s stock direction.