VAUGHN MIMI ECKEL 4
4 · GENESCO INC · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Genesco (GCO) CEO Mimi Eckel Withholds 22,583 Shares for Taxes
What Happened
Mimi Eckel — Board Chair, President & CEO of Genesco (GCO) — had 22,583 shares withheld on April 2, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding was reported as a disposal of shares at $28.39 per share, totaling approximately $641,131. This was a tax-withholding event (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-02; Form 4 filed: 2026-04-06 (appears timely).
- Price: $28.39 per share; Shares withheld/disposed: 22,583; Value: ~$641,131.
- Reason: Shares withheld to satisfy minimum tax withholding liability upon vesting of restricted stock under the company’s 2020 Equity Incentive Plan (footnote F1).
- Shares owned after transaction: not specified in the provided filing.
- Transaction type: Tax withholding on vesting (routine, reported as disposition).
Context
This is a routine tax-withholding action when restricted stock vests; withheld shares are used to pay the insider’s tax liability and do not necessarily indicate a discretionary sale or change in confidence. For retail investors, purchases or open-market sales by insiders tend to carry clearer signals; withholding on vesting is generally administrative.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-04-02$28.39/sh−22,583$641,131→ 375,496 total
Footnotes (1)
- [F1]Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Third Amended and Restated 2020 Equity Incentive Plan.