Form 4: Advantage Solutions CFO Reports Stock Acquisition and Tax Withholding from PSU Vesting

Advantage Solutions Inc.'s Chief Financial Officer, Christopher Growe, reported the vesting of performance restricted stock units and subsequent share withholding for tax purposes on June 12, 2025.

Summary

• Christopher Growe, Chief Financial Officer of Advantage Solutions Inc., acquired 65,116 shares of Class A Common Stock through the vesting of a Performance Restricted Stock Unit (PSU) award.
• The PSU award, which vested on June 12, 2025, was originally granted on June 12, 2023.
• Concurrently with the vesting, 38,768 shares of Class A Common Stock were disposed of by the Company to satisfy tax withholding requirements.
• Following these transactions, Mr. Growe directly beneficially owns 402,109 shares of Class A Common Stock.
• Additionally, Mr. Growe indirectly beneficially owns 194,021 shares of Class A Common Stock through a Family Trust.
• He also directly holds 65,117 Performance Restricted Stock Units.

Sentiment

Score: 7

Explanation: The vesting of performance-based equity awards for a key executive like the CFO is generally a positive signal, indicating that performance targets were met. The subsequent share disposition for tax purposes is a standard, neutral event.

Positives

• The vesting of Performance Restricted Stock Units (PSUs) indicates that the company, under the CFO's leadership, likely met specific performance targets or conditions set when the awards were granted, aligning management incentives with shareholder interests.

Negatives

• A portion of the vested shares (38,768 shares) was disposed of to cover tax withholding obligations, which is a standard procedure but results in a reduction of the direct share count held by the executive.

Future Outlook

This Form 4 filing details a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Form 4 filings are routine disclosures for publicly traded companies, reporting changes in beneficial ownership by insiders such as officers, directors, and significant shareholders. This specific filing reflects a standard equity compensation event (PSU vesting) for a key executive in the marketing and sales services industry.

Stakeholder Impact

• Shareholders: The vesting of PSUs for the CFO indicates that performance metrics tied to these awards were likely achieved, which can be viewed positively as it aligns management incentives with shareholder interests.
• Employees: No direct impact on employees is mentioned in this filing.
• Customers/Suppliers/Creditors: No direct impact on customers, suppliers, or creditors is mentioned in this filing.

Key Dates

Keywords

Advantage Solutions, ADV, Form 4, SEC filing, insider transaction, stock acquisition, equity compensation, Performance Restricted Stock Unit, PSU, tax withholding, Christopher Growe, Chief Financial Officer