Vanessa LeFebvre Robinson - Sep 30, 2024 Form 4 Insider Report for Hanesbrands Inc. (HBI)

Role
President Activewear - Global
Signature
/s/ Miranda Stephani, Attorney-in-Fact
Stock symbol
HBI
Transactions as of
Sep 30, 2024
Transactions value $
-$1,176,368
Form type
4
Date filed
10/2/2024, 06:33 PM
Previous filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HBI Common Stock Award $0 +238K +120.26% $0.00 436K Sep 30, 2024 Direct F1
transaction HBI Common Stock Tax liability -$686K -93.4K -21.39% $7.35 343K Oct 1, 2024 Direct F2
transaction HBI Common Stock Tax liability -$490K -66.7K -19.44% $7.35 276K Oct 1, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Vanessa LeFebvre Robinson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the acquisition of shares of common stock upon vesting of performance share awards ("PSAs") granted to the Reporting Person on August 8, 2022, January 23, 2023 and March 26, 2024. In connection with the September 30, 2024 closing (the "Closing") of the sale of the Issuer's global Champion business pursuant to that certain Stock and Asset Purchase Agreement, dated as of June 4, 2024, the Talent and Compensation Committee of the Board of Directors of the Issuer (the "Committee") approved the acceleration of the vesting of the PSAs at "target" level, effective immediately prior to the Closing and/or upon the Reporting Person's concurrent termination of employment with the Issuer.
F2 Represents shares of common stock withheld to pay taxes upon vesting of the PSAs. The number of shares withheld was determined on October 1, 2024 based on the closing price of Hanesbrands Inc. common stock on September 30, 2024.
F3 Represents shares of common stock withheld to pay taxes upon vesting of restricted stock units ("RSUs") originally granted to the Reporting Person on August 8, 2022, January 23, 2023 and March 26, 2024. In connection with the Closing, the Committee approved the acceleration of the vesting of the RSUs, effective immediately prior to the Closing and/or upon the Reporting Person's concurrent termination of employment with the Issuer. The number of shares withheld was determined on October 1, 2024 based on the closing price of Hanesbrands Inc. common stock on September 30, 2024.