Form 4: Grocery Outlet CEO Sells Shares to Cover Tax Obligations
SEC Form 4
Grocery Outlet Holding Corp.'s CEO, Robert Joseph Sheedy Jr., sold 10,456 shares of common stock on March 4, 2024, to cover tax obligations related to vesting RSUs.
Summary
- On March 4, 2024, Robert Joseph Sheedy Jr., the President & CEO of Grocery Outlet Holding Corp., sold 10,456 shares of common stock.
- The sale was executed at a price of $26.33 per share.
- This transaction was conducted to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Sheedy directly owns 198,992 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook on the company's future, especially when it's related to tax obligations from vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock sale transaction |
| 03/06/2024 | Date of signature on the Form 4 filing |
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