JORDAN JOSEPH HUGH 4
Research Summary
AI-generated summary
Domino's (DPZ) COO Jordan Hugh Receives Awards, Pays Tax Withholding
What Happened
- Jordan Joseph Hugh, COO and President — Domino's US, received equity awards (total 10,024 shares: 1,748 awarded shares + 8,276 derivative award) on March 10, 2026. On the same date 2,537 shares were disposed (withheld) to cover tax/exercise obligations: 1,991 shares at $400.52 each ($797,435) and 546 shares at $400.52 each ($218,684), a combined value of about $1,016,119.
- The disposals are reported under code F (payment of exercise price or tax liability), which typically indicates shares were withheld to satisfy tax withholding or exercise costs rather than open‑market selling. The awards (code A) represent new grants/derivative awards, not an open‑market purchase.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the standard 2‑business‑day window).
- Withheld/disposed shares: 1,991 @ $400.52 = $797,435 and 546 @ $400.52 = $218,684 (total ~ $1,016,119).
- Awards granted: 1,748 shares (award) and 8,276 shares (derivative instrument) — total 10,024 shares granted at $0.00 reported value.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = restricted stock unit award vests one‑third each year on March 10, 2027/2028/2029; F2 = option award vests one‑third each year on March 10, 2027/2028/2029.
Context
- The F-code disposals are routine tax‑withholding/cashless mechanics tied to new awards and do not necessarily indicate a discretionary sale or bearish view. The A‑coded entries are grants: the RSU and option grants carry multi‑year vesting (one‑third per year starting March 10, 2027), so most of these shares/options are not immediately tradable.
- For retail investors: awards and related withholding are common for executives as part of compensation. Purchases (cash buys) generally signal stronger insider conviction; this filing primarily shows compensation grants and routine withholding.