GENESCO INC·4

Apr 6, 4:05 PM ET

VAUGHN MIMI ECKEL 4

Research Summary

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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.