Franklin Covey (FC) Michael Covey Surrenders 589 Shares for Taxes

What Happened

• Michael Sean Merrill Covey, President — Education Division at Franklin Covey Co. (FC), disposed of 589 shares on 2026-09-02 to satisfy a tax liability. The shares were valued at $20.35 each, for a total of approximately $11,986. This transaction is reported as withholding to cover taxes tied to a 2024 LTIP award, not an open-market sale.

Key Details

• Transaction date: 2026-09-02
• Price per share: $20.35; Shares disposed: 589; Total value: $11,986
• Transaction code: F (payment of exercise price or tax liability); footnote F1 indicates the 2024 LTIP
• Shares owned after the transaction: not provided in the excerpt of the filing
• Filing date: 2026-09-03 (filed the next day; not indicated as late)

Context

• This appears to be a routine tax-withholding (shares surrendered) related to a long-term incentive plan vesting—effectively a cashless way to pay withholding taxes. Such transactions are administrative and do not necessarily indicate a change in the insider’s view of the company.