Hazen John 4

What Happened

• John Hazen, CEO of Boot Barn Holdings, received newly vested equity (awards) and had shares withheld to satisfy tax withholding obligations. Across vesting events he was awarded 30,378 shares (16,834 on 2026-05-18 and 13,544 on 2026-05-20) at no cash cost. To cover tax withholding, the company withheld/disposed a total of 10,995 shares: 3,055 shares on 2026-05-16 at $141.09 each ($431,030), 1,048 shares on 2026-05-19 at $141.54 each ($148,334), and 6,892 shares on 2026-05-20 at $142.27 each ($980,525). Total value of shares withheld was approximately $1,559,889.
• These transactions are award vestings and routine sell-to-cover (tax withholding) events, not open-market purchases or discretionary sales.

Key Details

• Transaction dates and prices:
  • 2026-05-16: 3,055 shares withheld @ $141.09 = $431,030 (tax withholding for RSU vesting) (F1)
  • 2026-05-18: 16,834 shares awarded @ $0.00 (time-based RSUs) (F2, F3)
  • 2026-05-19: 1,048 shares withheld @ $141.54 = $148,334 (tax withholding for RSU vesting) (F4)
  • 2026-05-20: 13,544 shares awarded @ $0.00 (PSU vesting/performance) (F5, F7)
  • 2026-05-20: 6,892 shares withheld @ $142.27 = $980,525 (tax withholding for PSU vesting) (F6)
• Aggregate: 30,378 shares awarded; 10,995 shares withheld; ~$1.56M withheld value.
• Shares owned after transaction: filing states beneficial ownership includes the newly vested shares but excludes shares subject to further vesting; the Form 4 does not report a single consolidated total holding in the supplied excerpt.
• Notable footnotes: awards consist of time‑based RSUs (vesting over three years) and performance share units (PSUs) that vested upon achievement of performance measures. Withheld shares were used solely to satisfy tax withholding obligations (sell-to-cover).
• Filing timeliness: Form 4 was filed on 2026-05-20 for transactions through 2026-05-20 — a timely insider filing (no late filing indicated).

Context

• These transactions are compensatory vestings and routine tax-withholding dispositions (common when restricted stock units or performance shares vest). They do not represent a voluntary open‑market sale of a board member’s or executive’s position and therefore are less informative about immediate insider sentiment than outright purchases.
• For retail investors: purchases are generally more informative as a bullish signal. Vesting + tax-withholding events primarily reflect compensation mechanics rather than a CEO buying or selling stock for investment reasons.