Sykes Karen 4
4 · ROSS STORES, INC. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Ross Stores President Karen Sykes Receives Award; Shares Sold for Tax
What Happened
Karen Sykes, President (CMO DD's Discounts) of Ross Stores (ROST), was issued 8,579 shares on March 20, 2026 as the settlement of a performance award and, on the same date, 8,947 shares were transferred (disposed) at $211.19/share to satisfy a tax liability totaling $1,889,517. The award shares were reported at $0.00 acquisition value (grant/settlement).
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (filing appears timely).
- Award: 8,579 shares issued pursuant to settlement of a performance award under the 2017 Equity Incentive Plan (reported as acquisition at $0.00).
- Tax withholding/disposition: 8,947 shares disposed at $211.19 each, total value $1,889,517 (transaction code F = tax withholding).
- Shares owned after transaction: not specified in the filing.
- Footnote: Award vests in tranches — 2,574 shares vested 3/20/2026, 2,574 on 3/19/2027, and 3,431 on 3/17/2028.
Context
This was a settlement of a performance-based equity award with shares withheld to cover tax obligations (a routine administrative disposition rather than an open-market sale or a discretionary purchase). Such withholding is common when awards vest and does not, by itself, indicate insider sentiment about the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-20+8,579→ 119,101 total - Tax Payment
Common Stock
2026-03-20$211.19/sh−8,947$1,889,517→ 110,154 total
Footnotes (1)
- [F1]Shares issued pursuant to settlement of a performance award under the terms of the 2017 Equity Incentive Plan. Shares become vested as follows: 2,574 shares vest as of March 20, 2026, 2,574 shares vest as of March 19, 2027, and 3,431 shares vest as of March 17, 2028.