Adamson John J 4
Research Summary
AI-generated summary
Floor & Decor (FND) EVP John J. Adamson Sells Shares to Cover Taxes
What Happened
John J. Adamson, EVP & CIO of Floor & Decor Holdings, surrendered a total of 408 shares underlying vested restricted stock units (RSUs) to satisfy tax withholding obligations. The transactions: 154 shares at $70.14 on 2026-02-26 ($10,802) and 254 shares at $69.09 on 2026-02-27 ($17,549), for an aggregate value of roughly $28,351. These were deemed dispositions to cover taxes (not open-market sales).
Key Details
- Transaction dates and prices:
- 2026-02-26: 154 shares @ $70.14 = $10,802
- 2026-02-27: 254 shares @ $69.09 = $17,549
- Total surrendered: 408 shares, ~ $28,351.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: F1 — shares represent RSUs surrendered to satisfy tax withholding upon vesting; the deemed disposition is exempt under Rule 16b-3(e).
- Filing timeliness: Report filed 2026-03-02 for transactions on 2026-02-26 and 02-27 — the filing appears timely (within the two business-day Form 4 window).
Context
This was a tax-withholding event tied to RSU vesting (code F), a routine administrative transaction rather than an open-market sale or a purchase that signals a change in insider sentiment. Such withholdings are common when equity awards vest and do not necessarily reflect the insider’s view on the company’s stock.