Desai Parag 4

What Happened
Parag Desai, Senior Vice President and Chief Strategy & Digital Officer at Genesco (GCO), had 1,193 shares withheld to satisfy a tax withholding obligation tied to the vesting of restricted stock. The withholding was recorded as a disposition at an effective price of $28.93 per share, totaling $34,513. This was a tax-withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-02 (timely).
• Action/code: F — payment of tax liability via share withholding.
• Shares withheld/disposed: 1,193 at $28.93 each = $34,513.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Shares were withheld to satisfy minimum tax withholding upon vesting of restricted stock under the Second Amended and Restated 2020 Equity Incentive Plan.

Context
This was a routine tax-withholding event following RSU vesting (a common cashless method where the company retains shares to cover tax). Such withholdings do not indicate a deliberate sale or change in insider sentiment and are administrative rather than investment-driven.