Watkins James M 4

What Happened James M. Watkins, Chief Financial Officer and Secretary of Boot Barn Holdings, received equity awards that vested in mid‑May 2026 and had shares withheld to cover taxes. The filing shows acquisitions of 4,607 shares on 2026-05-18 and 13,544 shares on 2026-05-20 (both acquired at $0.00, reflecting vesting of RSUs/PSUs). On 2026-05-20, 6,892 shares were disposed via tax withholding at $142.27 per share, a withholding value of approximately $980,525.

Key Details

• Transactions:
  • 2026-05-18: Award/acquisition of 4,607 shares @ $0.00 (vesting).
  • 2026-05-20: Award/acquisition of 13,544 shares @ $0.00 (vesting).
  • 2026-05-20: Tax withholding (Code F) of 6,892 shares @ $142.27 = ~$980,525 (disposed to satisfy withholding).
• Why $0.00 price: shares were issued on vesting (restricted stock units/performance share units), not bought on the open market.
• Vesting notes: time‑based RSUs vest over three years in equal annual installments (footnotes F1, F2, F5). The 13,544/4,607 amounts reflect vested RSUs and performance share units (PSUs) — PSUs granted 5/19/2023 vested upon achievement of performance measures (F3).
• Shares owned after transaction: filing indicates beneficial ownership includes the newly vested shares, but the filing does not state a consolidated total share count after these transactions.
• Filing timeliness: transaction dates are 5/18 and 5/20 with Form 4 filed 2026-05-20 — filing appears timely; no late filing flag noted.
• Transaction codes: A = award/grant (vesting); F = tax withholding (disposition of shares to cover taxes).

Context These were vesting events (awards converted to shares) with a routine tax‑withholding disposition (often called a cashless withholding). Vesting and withholding do not reflect an open‑market sale decision by the insider and are common when equity awards convert to stock.