Fleming Karen 4

What Happened

Karen Fleming, President and Chief Merchandising Officer of Ross Stores (ROST), was granted 7,047 shares on March 16, 2026. The shares were reported as an award/acquisition (code A) at $0.00 per share (total reported cash value $0), issued under the company's equity incentive plan.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (appears timely).
• Transaction type/code: Grant / Award (A).
• Shares granted: 7,047 shares at $0.00 per share (no cash paid at grant).
• Vesting: Per footnote, these shares are issued under the 2017 Equity Incentive Plan and vest 100% on March 21, 2031 (long-term time-based vest).
• Shares owned after transaction: Total beneficial ownership after this grant is not specified in the filing; filing notes previous acquisitions of 48 shares (9/30/2025) and 40 shares (12/31/2025) via the issuer's employee stock purchase plan (exempt under Rule 16b-3).

Context

This was a compensation award (likely restricted stock or RSUs) rather than an open-market purchase or sale. Such grants are common for executive compensation and are not an immediate market signal—the shares will only convert to full ownership as they vest over time.