Becker Scott E 4
Research Summary
AI-generated summary
Genesco (GCO) SVP & GC Scott E. Becker Withholds 486 Shares for Taxes
What Happened
Scott E. Becker, SVP, Secretary & General Counsel of Genesco, had 486 shares withheld to satisfy tax withholding upon the vesting of restricted stock. The withholding was recorded at $36.18 per share, totaling approximately $17,583. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-26; filing date: 2026-06-29 (filed timely).
- Price per share: $36.18; total value of shares withheld: ~$17,583.
- Shares withheld/disposed: 486 (transaction code F — tax withholding).
- Shares owned after transaction: Not reported in this Form 4 filing.
- Footnote: F1 — Shares were withheld to satisfy minimum tax withholding liability upon vesting of restricted stock under the company's 2020 Equity Incentive Plan.
Context
This was a routine tax-withholding event tied to RSU vesting (cashless/withholding mechanism), not an indication of a market sale or change in the insider’s investment stance. Such withholdings are common and primarily administrative.