Work Christopher Codington 4

What Happened

• Christopher Work, Chief Financial Officer of Zumiez Inc. (ZUMZ), received equity awards on 2026-03-16 totaling 44,374 shares (two grants recorded: 14,963 shares and 29,411 derivative units), both reported at $0.00 acquisition price.
• On 2026-03-17, 1,801 shares were disposed (withheld) at $21.51 per share to satisfy tax withholding obligations, generating proceeds/value of $38,740 (footnote indicates these shares were withheld to pay taxes).

Key Details

• Transaction dates/prices:
  • 2026-03-16: Grant/award (code A) — 14,963 shares @ $0.00 (restricted stock per F1).
  • 2026-03-16: Grant/award (derivative, code A) — 29,411 derivative shares @ $0.00.
  • 2026-03-17: Tax withholding (code F) — 1,801 shares disposed @ $21.51 = $38,740.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Notable footnotes from the filing:
  • F1: Restricted stock grant vests over 3 years.
  • F2: The shares total includes 17,295 shares acquired through the Zumiez Employee Stock Purchase Plan (ESPP).
  • F3: Shares were withheld by Zumiez to pay taxes on restricted stock (the 1,801-share disposal).
  • F4: Options subject to one grant vest over a 4-year period in equal annual installments (applies to derivative award).
• Filing timeliness: The Form 4 was filed 2026-03-18 for transactions dated 2026-03-16; filing appears to be timely (filed within the standard 2-business-day window).

Context

• These transactions are primarily compensation-related awards (restricted stock and a derivative grant), not open-market buys or voluntary sales. The small "disposal" on 3/17 reflects tax withholding rather than a discretionary sale of shares.
• For retail investors: awards show management receiving equity as compensation (vesting schedules mean the shares are not fully transferable immediately). Tax-withholding disposals are routine and don’t necessarily indicate a change in insider sentiment.