Larsson Stefan 4
Research Summary
AI-generated summary
PVH CEO Stefan Larsson Sells Shares for Tax Withholding
What Happened
Stefan Larsson, CEO of PVH Corp. (PVH), had shares withheld to satisfy tax obligations when restricted stock units (RSUs) vested. On April 10, 2026, 4,196 shares were withheld at $90.74 each ($380,745) and 11,097 shares were withheld at $90.74 each ($1,006,942), for a total of 15,293 shares and roughly $1.39 million in value. These transactions are reported with code F (tax withholding) and are disposals of shares back to the company rather than open-market sales.
Key Details
- Transaction date: April 10, 2026; Filing date: April 14, 2026 (filed within the required two business days).
- Price: $90.74 per share for both line items.
- Shares withheld/disposed: 4,196 (≈ $380,745) and 11,097 (≈ $1,006,942); total 15,293 shares (~$1.39M).
- Footnotes:
- F1: Withheld to satisfy taxes on 7,586 vested RSUs (previously reported as directly owned).
- F3: Withheld to satisfy taxes on 20,066 vested RSUs (previously reported as directly owned).
- F2/F4: Filing notes include 174,035 and 153,969 shares that are subject to unvested RSU awards.
- Shares owned following the transactions are not explicitly stated in the supplied summary; the filing indicates substantial unvested RSU holdings as noted above.
Context
- These were net share settlements/tax-withholding related to RSU vesting (transaction code F), a routine administrative step that does not necessarily indicate a decision to sell shares on the open market or reflect a change in sentiment.
- For retail investors, purchases or open-market insider buys tend to be more informative than tax-withholding disposals; this filing primarily documents post-vesting tax payment in stock form.