First Watch Restaurant Group, Inc. (NASDAQ:FWRG) has reported a significant stock transaction by one of its top executives. Laura Anne Sorensen, the company's Chief People Officer, sold 2,096 shares of common stock on March 12, 2024. The shares were sold at a weighted average price of $24.43, totaling approximately $51,205.
The transaction was carried out as a mandatory sale to cover necessary tax withholding obligations related to the vesting of restricted stock units. It is important to note that this sale was not a discretionary trade by Sorensen and was required by the company's policies.
Investors may be interested in the range of prices at which the stock was sold. According to the filing, the shares were sold within a price range of $24.27 to $24.43. Following this transaction, Sorensen still holds 70,248 shares of First Watch Restaurant Group's common stock.
First Watch Restaurant Group, Inc. is a player in the retail eating places industry, operating numerous restaurant locations. The company's stock performance and executive transactions are closely watched by investors seeking insights into the company's financial health and leadership confidence.
For those interested in the detailed figures of the transaction, the company and Sorensen have committed to providing full information regarding the number of shares sold at each separate price within the reported range upon request. This commitment to transparency is in line with regulatory requirements and aids in maintaining investor trust.
The reported transaction is part of the regular disclosure of stock dealings by company insiders, providing the market with relevant information about executive stock ownership and transactions.
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