Grijalva Laurie Marie 4
4 · Boot Barn Holdings, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Boot Barn (BOOT) CMO Laurie Grijalva Receives Awards; Shares Withheld
What Happened
Laurie Marie Grijalva, Chief Merchandising Officer of Boot Barn Holdings (BOOT), received equity awards (restricted stock units and performance share units) and had shares withheld to satisfy tax withholding related to vesting. Transactions reported: 4,076 shares granted/awarded (May 18) and 13,544 shares acquired on PSU vesting (May 20) — total acquired 17,620 shares. To cover withholding taxes, the company withheld 1,233 shares on May 16 ($141.09/share, $173,964), 1,048 shares on May 19 ($141.54/share, $148,334), and 6,892 shares on May 20 ($142.27/share, $980,525), for a total of 9,173 shares withheld valued at approximately $1,302,823.
Key Details
- Transaction dates and prices:
- May 16, 2026 — 1,233 shares withheld at $141.09/share (tax withholding) = $173,964.
- May 18, 2026 — 4,076 shares granted (RSUs), $0 reported (subject to vesting schedule).
- May 19, 2026 — 1,048 shares withheld at $141.54/share (tax withholding) = $148,334.
- May 20, 2026 — 13,544 shares acquired on PSU vesting; 6,892 shares withheld at $142.27/share (tax withholding) = $980,525.
- Net counts: 17,620 shares acquired via awards/vesting; 9,173 shares withheld for taxes (total withheld ≈ $1.30M).
- Shares owned after transaction: the filing states beneficial ownership was updated to include vested awards but excludes shares subject to further vesting; the exact total post-transaction holding is not listed in the summary provided.
- Notable footnotes: Withholdings were routine to satisfy tax obligations on vested RSUs/PSUs (footnotes F1, F4, F6). The May 18 grants are time-based RSUs subject to three-year annual vesting (F2/F3). The May 20 acquisition resulted from PSU performance vesting (F5).
- Filing timeliness: Report filed May 20, 2026 covering activity through May 20, 2026 — appears timely (no late filing indicated).
Context
These transactions are primarily equity awards vesting and employer tax-withholding (transaction code A = award/grant; F = payment of exercise price or tax liability). Withheld shares are not open-market sales but a common "sell to cover" mechanism to satisfy taxes on vesting. This is different from an executive buying or selling stock as a market signal; the material action here is receiving RSUs/PSUs and routine tax withholding.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-16$141.09/sh−1,233$173,964→ 8,739 total - Award
Common Stock
[F2][F3]2026-05-18+4,076→ 10,221 total - Tax Payment
Common Stock
[F4]2026-05-19$141.54/sh−1,048$148,334→ 9,749 total - Award
Common Stock
[F5]2026-05-20+13,544→ 23,293 total - Tax Payment
Common Stock
[F6]2026-05-20$142.27/sh−6,892$980,525→ 16,401 total
- 8,163
Common Stock
[F7]
Footnotes (7)
- [F1]On May 16, 2026, in connection with the vesting of shares underlying 2,866 previously disclosed restricted stock units, the issuer withheld 1,233 shares of common stock to satisfy withholding taxes due in connection with such vesting. Such shares had a market value of $141.09 per share, the closing price of the common stock on the first trading day following the vesting date. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 16, 2026, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions.
- [F2]Consists of shares underlying restricted stock units granted under the Boot Barn Holdings, Inc. 2020 Equity Incentive Plan, subject to vesting over a three-year period in equal annual installments on each anniversary of the grant date.
- [F3]Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of May 18, 2026 that remain subject to time-based vesting.
- [F4]On May 19, 2026, in connection with the vesting of shares underlying 2,058 previously disclosed restricted stock units, the issuer withheld 1,048 shares of common stock to satisfy withholding taxes due in connection with such vesting. Such shares had a market value of $141.54 per share, the closing price of the common stock on the vesting date. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 19, 2026, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions.
- [F5]Represents shares acquired by the reporting person through vesting upon the achievement of performance measures under performance share units ("PSUs") granted on May 19, 2023 under Boot Barn Holdings, Inc.'s 2020 Equity Incentive Plan. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 20, 2026, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions.
- [F6]On May 20, 2026, in connection with the vesting of the PSUs referred to above, the issuer withheld 6,892 shares of common stock to satisfy withholding taxes due in connection with such vesting. Such shares had a market value of $142.27 per share, the closing price of the common stock on the vesting date. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 20, 2026, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions.
- [F7]Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of May 20, 2026 that remain subject to time-based vesting.