Franklin Covey (FC) CAO Derek Hatch Surrenders 306 Shares for Taxes

What Happened Derek Hatch, Chief Administrative Officer, Controller and Treasurer of Franklin Covey Co., surrendered 306 shares on Sept 2, 2026 to satisfy a tax liability related to a 2024 LTIP. The shares were valued at $20.35 each for a total of approximately $6,227. This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-09-02 (reported on Form 4 filed 2026-09-03)
• Price per share: $20.35; Shares surrendered: 306; Total value: ~$6,227
• Transaction code: F (payment of exercise price or tax liability)
• Footnote: F1 indicates the shares relate to the 2024 LTIP
• Shares owned after the transaction: not disclosed in the provided filing excerpt
• Filing timeliness: reported the next day (appears timely based on provided dates)

Context Tax withholding via share surrender is a routine administrative action when equity awards (like LTIP/RSUs or option exercises) vest or are exercised. It is not the same as an open-market sale and generally does not signal a deliberate market-timing decision by the insider.