GARCIA KELLY E 4
Research Summary
AI-generated summary
Domino's (DPZ) Kelly Garcia Receives Award, Sells Shares for Taxes
What Happened
- Kelly E. Garcia, EVP & Chief Technology & Data Officer at Domino's Pizza (DPZ), had tax-withholding sales and received stock awards on March 10, 2026. She disposed of 1,159 shares and 364 shares (total 1,523 shares) at $400.52 per share to satisfy tax obligations, generating about $609,992 in proceeds. At the same time she acquired 1,301 shares (direct grant at $0) and was recorded as acquiring 4,928 derivative shares (awarded/issued at $0).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (within the typical two‑business‑day filing window).
- Sales for tax withholding: 1,159 shares @ $400.52 = $464,203; 364 shares @ $400.52 = $145,789; total ≈ $609,992.
- Acquisitions: 1,301 shares (award, $0 cost) and 4,928 derivative shares (award, $0 cost).
- Footnotes: F1 notes 58.785 shares were acquired under Domino's Employee Stock Payroll Deduction Plan since last report. F2 describes a restricted stock unit (RSU) award that vests one‑third each year on Mar 10, 2027–2029. F3 notes options vest one‑third each year on the same anniversaries.
- Shares owned after the transactions: not specified in the supplied filing details.
Context
- The disposals were tax‑withholding transactions (code F) tied to awards/vesting, not open‑market investment sales. The reported acquisitions are awards/derivatives (RSUs/options) subject to future vesting schedules (per footnotes), so they are not immediate open‑market purchases. For retail investors, this is routine executive compensation activity (award + tax withholding) rather than a clear directional buy/sell signal.